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A-32 - Act respecting insurance

Section 269
Disposition versions

Full text
269. Every insurer shall maintain adequate assets to guarantee the performance of its obligations in Québec.
1974, c. 70, s. 269; 2009, c. 58, s. 29.
269. Every insurer shall at all times keep in Canada and under its own control assets of a value equal to at least the real value of its liabilities to its insured in Canada; such assets, up to at least two-thirds of the real value of such liabilities, shall be invested in Canada.
Every insurer shall invest in Québec part of its assets in the proportion determined by the regulations.
1974, c. 70, s. 269.
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