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A-32 - Act respecting insurance

Section 285.25
Disposition versions

Full text
285.25. The Authority or any person having a sufficient interest may apply to the court for the cancellation of a transaction made with a restricted party in contravention of the provisions of this Act which may seriously prejudice the interests of the insurer.
1990, c. 86, s. 39; 2002, c. 70, s. 118; 2004, c. 37, s. 90.
285.25. The Agency or any person having a sufficient interest may apply to the court for the cancellation of a transaction made with a restricted party in contravention of the provisions of this Act which may seriously prejudice the interests of the insurer.
1990, c. 86, s. 39; 2002, c. 70, s. 118.
285.25. No insurer may grant a loan to any of its directors or officers or their associates for a total amount exceeding the annual remuneration paid by the insurer to the director or officer concerned if he is remunerated, or if not, the amount determined according to the rules of the ethics committee, unless the loan is secured by a first hypothec on the principal residence of the borrower.
1990, c. 86, s. 39.
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