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A-32 - Act respecting insurance

Section 363
Disposition versions

Full text
363. The licence of an insurer is suspended by operation of law if its powers as a legal person are suspended.
1974, c. 70, s. 363; 1982, c. 52, s. 80; 1984, c. 22, s. 75; 1996, c. 63, s. 80; 2002, c. 70, s. 143.
363. The licence of an insurer is suspended by operation of law:
(a)  (paragraph repealed);
(b)  if a motion is presented by the Inspector General to the Superior Court, in accordance with section 239, to obtain seizure of the deposit of that insurer;
(c)  if its powers as a legal person are suspended.
1974, c. 70, s. 363; 1982, c. 52, s. 80; 1984, c. 22, s. 75; 1996, c. 63, s. 80.
363. The licence of an insurer is suspended by operation of law:
(a)  (paragraph repealed);
(b)  if a motion is presented by the Inspector General to the Superior Court, in accordance with section 239, to obtain seizure of the deposit of that insurer;
(c)  if its powers as a corporation are suspended.
1974, c. 70, s. 363; 1982, c. 52, s. 80; 1984, c. 22, s. 75.
363. The licence of an insurer is suspended by operation of law:
(a)  if its capital stock becomes less than that stipulated in section 51;
(b)  if a motion is presented by the Inspector General to the Superior Court, in accordance with section 239, to obtain seizure of the deposit of that insurer;
(c)  if its powers as a corporation are suspended.
1974, c. 70, s. 363; 1982, c. 52, s. 80.
363. The licence of an insurer is suspended by operation of law:
(a)  if its capital stock becomes less than that stipulated in section 51;
(b)  if a motion is presented by the Superintendent to the Superior Court, in accordance with section 239, to obtain seizure of the deposit of that insurer;
(c)  if its powers as a corporation are suspended.
1974, c. 70, s. 363.
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