A-32 - Act respecting insurance

Section 294 Disposition versions

1996-12-23

294. The auditor shall be disqualified from acting in respect of an insurer where he or his spouse or minor child living with him, or an associate or the spouse or minor child thereof living with the associate

(1)  is a director, officer or other mandatary of the insurer or of a legal person affiliated with it, or is an associate of such a director, officer or mandatary;

(2)  is a director, officer or other mandatary of the federation, of a legal person belonging to the same group as the federation, or of the guarantee fund of which the mutual insurance association he is appointed to audit is a member;

(3)  holds, directly or indirectly, shares of the insurer or of a legal person affiliated therewith;

(4)  is the sequestrator, liquidator or receiver of any legal person affiliated with the insurer.

In addition, the auditor shall be disqualified from acting if he or a partner is an employee of the insurer or of a legal person affiliated with the insurer.

1974, c. 70, s. 294; 1979, c. 33, s. 25; 1984, c. 22, s. 66; 1990, c. 86, s. 41; 1996, c. 63, s. 80, s. 82.

1991-07-01

294. The auditor shall be disqualified from acting in respect of an insurer where he or his spouse or minor child living with him, or an associate or the spouse or minor child thereof living with the associate

(1)  is a director, officer or other mandatary of the insurer or of a corporation affiliated with it, or is an associate of such a director, officer or mandatary;

(2)  is a director, officer or other mandatary of the federation, of a corporation belonging to the same group as the federation, or of the guarantee fund corporation of which the mutual insurance association he is appointed to audit is a member;

(3)  holds, directly or indirectly, shares of the insurer or of a corporation affiliated therewith;

(4)  is the sequestrator, liquidator or receiver of any corporation affiliated with the insurer.

In addition, the auditor shall be disqualified from acting if he or a partner is an employee of the insurer or of a corporation affiliated with the insurer.

1974, c. 70, s. 294; 1979, c. 33, s. 25; 1984, c. 22, s. 66; 1990, c. 86, s. 41.

1984-06-20

294. No shareholder, director, officer or employee of an insurer or of one of its subsidiaries may be appointed auditor under this division.

1974, c. 70, s. 294; 1979, c. 33, s. 25; 1984, c. 22, s. 66.

1979-06-22

294. No shareholder, director, officer or employee of the insurer or of a corporation contemplated in section 249 or in section 250 in which the insurer has invested funds may be appointed auditor under this division.

1974, c. 70, s. 294; 1979, c. 33, s. 25.

1977-12-31

294. No shareholder, director, officer or employee of the insurer or of a corporation in which it has invested its funds may be appointed auditor under this division.

1974, c. 70, s. 294.