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A-32 - Act respecting insurance

Section 258
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Full text
258. (Repealed).
1974, c. 70, s. 258; 1979, c. 33, s. 17; 1982, c. 26, s. 288; 1984, c. 22, s. 51.
258. No insurer may invest in shares, bonds or other securities of a corporation which fails to pay the prescribed dividends on its shares or the interest on its bonds or other securities, nor make a loan to it.
Furthermore, no insurer may invest in shares, preferred shares, bonds or other securities of a cooperative which fails to obtain the prescribed yield on its shares or preferred shares; nor may it make a loan to it.
1974, c. 70, s. 258; 1979, c. 33, s. 17; 1982, c. 26, s. 288.
258. No insurer may invest in shares, bonds or other securities of a corporation or a cooperative agricultural association which fails to pay the prescribed dividends on its shares or the interest on its bonds or other securities, nor make a loan to it.
Furthermore, no insurer may invest in shares, preferred shares, bonds or other securities of a cooperative association which fails to obtain the prescribed yield on its shares or preferred shares; nor may it make a loan to it.
1974, c. 70, s. 258; 1979, c. 33, s. 17.
258. No insurer shall invest in shares or bonds of a corporation or a cooperative agricultural association which fails to pay the prescribed dividends on its shares or the interest on its bonds, nor make a loan to it.
Furthermore, no insurer shall invest in shares, preferred shares or bonds of a cooperative association which fails to obtain the prescribed yield on its shares or preferred shares; nor may it make a loan to it.
1974, c. 70, s. 258.
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