Ministère de l'Emploi et de la Solidarité sociale
Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

A-32 - Act respecting insurance

Section 272
Disposition versions

Full text
272. The sole fact that the loans or investments made by an insurer comply with this Act does not exempt the directors and officers of that insurer from liability.
1974, c. 70, s. 272; 1990, c. 86, s. 34.
272. (1)  The directors of an insurer are not exempt from liability merely because the investments of the insurer are in conformity with this act.
(2)  The directors of an insurer who have assented to an investment which is not in conformity with this act are, ipso facto, jointly and severally liable for the losses from such investment.
1974, c. 70, s. 272.
© Gouvernement du Québec