A-32 - Act respecting insurance

Section 388 Disposition versions

2008-05-28

388. (Repealed).

1974, c. 70, s. 388; 1987, c. 54, s. 22; 1994, c. 40, s. 457; 1996, c. 63, s. 76; 2008, c. 7, s. 44.

1996-12-23

388. After receiving the report provided for in section 386 or 387, the Government may prescribe one or more of the following measures:

(a)  cancel the suspension of the members of the board of directors of the insurer;

(b)  maintain the suspension of the members of the board of directors of the insurer until the holding of a special meeting of the shareholders or, as the case may be, of the members or, in the case of a professional order, of the insured members, and order the holding of the election of the members of such board;

(c)  order, on the conditions it determines, the winding-up of the insurer or, where such is the case, of its insurance fund and appoint a liquidator;

(d)  subject the licence of the insurer to the restrictions and conditions that it considers appropriate;

(e)  order the provisional administrator to extend his administration of the insurer for the period determined by the Minister;

(f)  terminate the provisional administration.

Any order made under this section must be the subject of a notice published without delay in the Gazette officielle du Québec.

1974, c. 70, s. 388; 1987, c. 54, s. 22; 1994, c. 40, s. 457; 1996, c. 63, s. 76.

1994-10-15

388. After receiving the report provided for in section 386 or 387, the Government may prescribe one or more of the following measures:

(a)  cancel the suspension of the members of the board of directors of the insurer;

(b)  maintain the suspension of the members of the board of directors of the insurer until the holding of a special meeting of the shareholders or, as the case may be, of the members or, in the case of a professional order, of the insured members, and order the holding of the election of the members of such board;

(c)  order, on the conditions it determines, the winding-up of the insurer or, where such is the case, of its insurance fund and appoint a liquidator;

(d)  subject the licence of the insurer to the restrictions and conditions that it considers appropriate;

(e)  order the provisional administrator to extend his administration of the insurer for the period determined by the Minister;

(f)  terminate the provisional administration.

Any order in council made under this section must be the subject of a notice published without delay in the Gazette officielle du Québec.

1974, c. 70, s. 388; 1987, c. 54, s. 22; 1994, c. 40, s. 457.

1987-06-23

388. After receiving the report provided for in section 386 or 387, the Government may prescribe one or more of the following measures:

(a)  cancel the suspension of the members of the board of directors of the insurer;

(b)  maintain the suspension of the members of the board of directors of the insurer until the holding of a special meeting of the shareholders or, as the case may be, of the members or, in the case of a professional corporation, of the insured members, and order the holding of the election of the members of such board;

(c)  order, on the conditions it determines, the winding-up of the insurer or, where such is the case, of its insurance fund and appoint a liquidator;

(d)  subject the licence of the insurer to the restrictions and conditions that it considers appropriate;

(e)  order the provisional administrator to extend his administration of the insurer for the period determined by the Minister;

(f)  terminate the provisional administration.

Any order in council made under this section must be the subject of a notice published without delay in the Gazette officielle du Québec.

1974, c. 70, s. 388; 1987, c. 54, s. 22.

1977-12-31

388. After receiving the report provided for in section 386 or 387, the Government may prescribe one or more of the following measures:

(a)  cancel the suspension of the members of the board of directors of the insurer;

(b)  maintain the suspension of the members of the board of directors of the insurer until the holding of a special meeting of the shareholders or, as the case may be, of the members, and order the holding of the election of the members of such board;

(c)  order, on the conditions it determines, the winding-up of the insurer and appoint a liquidator;

(d)  subject the licence of the insurer to the restrictions and conditions that it considers appropriate;

(e)  order the provisional administrator to extend his administration of the insurer for the period determined by the Minister;

(f)  terminate the provisional administration.

Any order in council made under this section must be the subject of a notice published without delay in the Gazette officielle du Québec.

1974, c. 70, s. 388.