285.14. The ethics committee shall adopt rules of ethics and rules for the application of the provisions of this chapter to the insurer. It shall see that the rules are complied with, and shall advise the board of directors without delay of any serious breach thereof.
The rules shall concern, in particular, the conduct of the directors and officers, the conduct of the insurer with respect to restricted parties or associates of its directors or officers, the formalities and conditions governing contracts with restricted parties and the protection of confidential information held by the insurer in respect of persons insured by it.
In addition, the ethics committee shall carry out any mandate assigned to it by the board of directors.
However, the ethics committee shall not, without the authorization of the Inspector General, exercise responsibilities normally assigned to another committee.
1990, c. 86, s. 39; 2002, c. 70, s. 114.