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A-32 - Act respecting insurance
Section 241
Disposition versions
241. (Repealed).
241. In the case of distribution of the deposit, the amounts due for unsettled claims under contracts established by the insurer in Québec shall be paid before repayment of any unearned premium or part of a premium. The distribution shall be made pro rata to the applications for indemnities.
Only holders or beneficiaries of insurance policies resident or having their head offices in Québec may benefit from the distribution of the deposit of an insurer.
