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A-32 - Act respecting insurance
Section 302
Disposition versions
302. Every person liable for the safe-keeping of an insurer’s money must furnish a deposit, in the amount determined by the directors, to guarantee faithful performance of his duties; the deposit must be delivered to the auditor of the insurer.
Subject to section 135, the amount of such deposit shall not, in any case, be less than $25,000.
