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A-32 - Act respecting insurance

Section 280
Disposition versions

Full text
280. Every insurer constituted under the laws of Québec, transacting life insurance and contracting liabilities that vary according to the market value of a specified group of assets must maintain these assets in one or more groups which are separate from its other property; it must use these assets only to meet those liabilities, until they have been fully discharged.
1974, c. 70, s. 280; 1999, c. 40, s. 33.
280. Every insurer incorporated under the laws of Québec, transacting life insurance and contracting liabilities that vary according to the market value of a specified group of assets must maintain these assets in one or more groups which are separate from its other property; it must use these assets only to meet those liabilities, until they have been fully discharged.
1974, c. 70, s. 280.
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