A-32 - Act respecting insurance

Section 285.26 Disposition versions

2003-02-12

285.26. No insurer may extend credit to a restricted party on more favourable terms than those applicable in the ordinary course of its business.

1990, c. 86, s. 39; 2002, c. 70, s. 118.

1991-03-15

285.26. An insurer must, where applicable, disclose to the ethics committee any loans granted by it to restricted parties or associates of its directors or officers.

The disclosure shall indicate the name of the restricted party or associate, the amount of the loan, the maturity date, the rate of interest and the security offered.

1990, c. 86, s. 39.