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A-32 - Act respecting insurance

Section 400
Disposition versions

Full text
400. If such reinsurance is not effected in accordance with section 399, every insured, in addition to his rights under the insurance policies that he held on the date of the winding-up, is entitled to the value of the said insurance policy on the said date, less the advances made on the security of such policies.
Such values shall be computed in accordance with the scales approved by the Authority.
1974, c. 70, s. 400; 1982, c. 52, s. 80; 2002, c. 45, s. 243; 2004, c. 37, s. 90.
400. If such reinsurance is not effected in accordance with section 399, every insured, in addition to his rights under the insurance policies that he held on the date of the winding-up, is entitled to the value of the said insurance policy on the said date, less the advances made on the security of such policies.
Such values shall be computed in accordance with the scales approved by the Agency.
1974, c. 70, s. 400; 1982, c. 52, s. 80; 2002, c. 45, s. 243.
400. If such reinsurance is not effected in accordance with section 399, every insured, in addition to his rights under the insurance policies that he held on the date of the winding-up, is entitled to the value of the said insurance policy on the said date, less the advances made on the security of such policies.
Such values shall be computed in accordance with the scales approved by the Inspector General.
1974, c. 70, s. 400; 1982, c. 52, s. 80.
400. If such reinsurance is not effected in accordance with section 399, every insured, in addition to his rights under the insurance policies that he held on the date of the winding-up, is entitled to the value of the said insurance policy on the said date, less the advances made on the security of such policies.
Such values shall be computed in accordance with the scales approved by the Superintendent.
1974, c. 70, s. 400.
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