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A-32 - Act respecting insurance

Section 295.1
Disposition versions

Full text
295.1. The auditor shall, in the ordinary course of his audit, submit a report to the director general, or to any person holding a similar office, and to the board of directors on the facts having come to his notice which may appreciably limit the ability of the insurer to fulfill its obligations.
He shall transmit a copy of that report to the actuary designated in accordance with Division III.1 of Chapter IV of this Title.
1990, c. 86, s. 42; 1996, c. 63, s. 57.
295.1. The auditor shall, in the ordinary course of his audit, submit a report to the board of directors on the facts having come to his notice which may appreciably limit the ability of the insurer to fulfill its obligations. The report shall also cover the facts having come to his notice which give grounds to believe that the insurer is contravening this Act or the regulations.
Where applicable, he shall transmit a copy of that report to the ethics committee.
Every person other than an advocate or a notary who provides independent professional services to the insurer has, in respect of transactions to which the insurer is a party, the same obligations.
1990, c. 86, s. 42.
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