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A-32 - Act respecting insurance

Section 275.2
Disposition versions

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275.2. No insurer may declare dividends or interest, as the case may be, or distribute its yearly surpluses if a payment made for that purpose causes its assets to cease to meet the requirements of section 275.
1979, c. 33, s. 22; 1984, c. 22, s. 60; 1985, c. 17, s. 34; 1990, c. 86, s. 37.
275.2. No insurer transacting damage insurance may declare dividends or interest, as the case may be, or distribute its yearly surpluses if a payment made for that purpose causes its assets to cease to meet the requirements of section 275.
1979, c. 33, s. 22; 1984, c. 22, s. 60; 1985, c. 17, s. 34.
275.2. No insurer, other than a mutual association, transacting damage insurance may declare dividends if payment thereof causes its assets to cease to meet the requirements of section 275.
1979, c. 33, s. 22; 1984, c. 22, s. 60.
275.2. No insurer, other than mutual association, transacting damage insurance may make a declaration of dividends for an amount exceeding 75 per cent of its average yearly profits in respect of the three years preceding the year in which a dividend is declared.
1979, c. 33, s. 22.
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