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A-32 - Act respecting insurance

Section 284
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Full text
284. (Repealed).
1974, c. 70, s. 284; 1982, c. 52, s. 80; 2002, c. 70, s. 112.
284. The insurer may, with the authorization of the Inspector General, withdraw any amount paid into a group of assets contemplated in section 280 to return it to the groups of assets from which it derives; if the amount returned is only partial, it must be made to each group in proportion to the amounts derived from each.
In the case of securities, they shall be returned for the amount represented by their market value when returned.
1974, c. 70, s. 284; 1982, c. 52, s. 80.
284. The insurer may, with the authorization of the Superintendent, withdraw any amount paid into a group of assets contemplated in section 280 to return it to the groups of assets from which it derives; if the amount returned is only partial, it must be made to each group in proportion to the amounts derived from each.
In the case of securities, they shall be returned for the amount represented by their market value when returned.
1974, c. 70, s. 284.
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