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A-32 - Act respecting insurance

Section 325.7
Disposition versions

Full text
325.7. The Authority or any person having a sufficient interest may apply to the court for the cancellation of a transaction entered into by an insurer contrary to the provisions of this Act.
The court may also order every director or officer who is a party to such a transaction or who facilitated its carrying out to pay to the insurer, solidarily, either the amount of damages awarded as compensation for the injury suffered or the amount paid by the insurer as a result of the transaction.
1990, c. 86, s. 46; 1996, c. 63, s. 71; 2002, c. 45, s. 243; 2004, c. 37, s. 90.
325.7. The Agency or any person having a sufficient interest may apply to the court for the cancellation of a transaction entered into by an insurer contrary to the provisions of this Act.
The court may also order every director or officer who is a party to such a transaction or who facilitated its carrying out to pay to the insurer, solidarily, either the amount of damages awarded as compensation for the injury suffered or the amount paid by the insurer as a result of the transaction.
1990, c. 86, s. 46; 1996, c. 63, s. 71; 2002, c. 45, s. 243.
325.7. The Inspector General or any person having a sufficient interest may apply to the court for the cancellation of a transaction entered into by an insurer contrary to the provisions of this Act.
The court may also order every director or officer who is a party to such a transaction or who facilitated its carrying out to pay to the insurer, solidarily, either the amount of damages awarded as compensation for the injury suffered or the amount paid by the insurer as a result of the transaction.
1990, c. 86, s. 46; 1996, c. 63, s. 71.
325.7. The Inspector General or any person having a sufficient interest may apply to the court for the cancellation of a transaction entered into by an insurer contrary to the provisions of this Act.
The court may also order every director or officer who is a party to such a transaction or who facilitated its carrying out to pay to the insurer, jointly and severally, either the amount of damage suffered or the amount paid by the insurer as a result of the transaction.
1990, c. 86, s. 46.
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