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A-32 - Act respecting insurance

Section 275.5
Disposition versions

Full text
275.5. The Authority may prohibit the transaction or impose certain conditions on it if the Authority considers it expedient in the interest of the insured or of one of the parties.
The Authority may, by way of a notice sent before the expiry of a period of 45 days, inform the insurer that it does not object to the sale. Upon receiving the notice, the insurer may proceed with the sale.
Where the Authority considers that insufficient time is available to it to carry out an adequate examination of the transaction, the Authority may extend the period by an additional 45 days.
The Authority shall inform the parties of any such extension not less than five days before the expiry of any period of 45 days.
1990, c. 86, s. 38; 1996, c. 63, s. 47; 2002, c. 45, s. 243; 2004, c. 37, s. 90.
275.5. The Agency may prohibit the transaction or impose certain conditions on it if the Agency considers it expedient in the interest of the insured or of one of the parties.
The Agency may, by way of a notice sent before the expiry of a period of 45 days, inform the insurer that it does not object to the sale. Upon receiving the notice, the insurer may proceed with the sale.
Where the Agency considers that insufficient time is available to it to carry out an adequate examination of the transaction, the Agency may extend the period by an additional 45 days.
The Agency shall inform the parties of any such extension not less than five days before the expiry of any period of 45 days.
1990, c. 86, s. 38; 1996, c. 63, s. 47; 2002, c. 45, s. 243.
275.5. The Inspector General may prohibit the transaction or impose certain conditions on it if he considers it expedient in the interest of the insured or of one of the parties.
The Inspector General may, by way of a notice sent before the expiry of a period of 45 days, inform the insurer that he does not object to the sale. Upon receiving the notice, the insurer may proceed with the sale.
Where the Inspector General considers that insufficient time is available to him to carry out an adequate examination of the transaction, he may extend the period by an additional 45 days.
The Inspector General shall inform the parties of any such extension not less than five days before the expiry of any period of 45 days.
1990, c. 86, s. 38; 1996, c. 63, s. 47.
275.5. The Inspector General may prohibit the transaction or impose certain conditions on it if he considers it expedient in the interest of the insured or of one of the parties.
Where the Inspector General considers that insufficient time is available to him to carry out an adequate examination of the transaction, he may extend the period by an additional 45 days.
The Inspector General shall inform the parties of any such extension not less than five days before the expiry of any period of 45 days.
1990, c. 86, s. 38.
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