A-32 - Act respecting insurance

Section 50.1 Disposition versions

2004-12-17

50.1. Where an agreement referred to in section 50 is made with a view to exercising voting rights attached to shares in an insurance company, the nominee shall not be entitled to exercise the voting rights covered by such an agreement except with the written authorization of the Authority.

Where an agreement referred to in section 50 is made with a view to exercising voting rights attached to shares in the legal person that controls an insurance company, the legal person shall no longer be entitled to exercise the voting rights attached to the shares in the insurance company except with the written authorization of the Authority.

The Authority may give its authorization if the Authority considers it expedient in the interest of the insurance company and the persons insured by it. The Authority may impose any conditions it considers appropriate.

1990, c. 86, s. 4; 1996, c. 63, s. 80; 2002, c. 45, s. 243; 2004, c. 37, s. 90.

2004-02-01

50.1. Where an agreement referred to in section 50 is made with a view to exercising voting rights attached to shares in an insurance company, the nominee shall not be entitled to exercise the voting rights covered by such an agreement except with the written authorization of the Agency.

Where an agreement referred to in section 50 is made with a view to exercising voting rights attached to shares in the legal person that controls an insurance company, the legal person shall no longer be entitled to exercise the voting rights attached to the shares in the insurance company except with the written authorization of the Agency.

The Agency may give its authorization if the Agency considers it expedient in the interest of the insurance company and the persons insured by it. The Agency may impose any conditions it considers appropriate.

1990, c. 86, s. 4; 1996, c. 63, s. 80; 2002, c. 45, s. 243.

1996-12-23

50.1. Where an agreement referred to in section 50 is made with a view to exercising voting rights attached to shares in an insurance company, the nominee shall not be entitled to exercise the voting rights covered by such an agreement except with the written authorization of the Inspector General.

Where an agreement referred to in section 50 is made with a view to exercising voting rights attached to shares in the legal person that controls an insurance company, the legal person shall no longer be entitled to exercise the voting rights attached to the shares in the insurance company except with the written authorization of the Inspector General.

The Inspector General may give his authorization if he considers it expedient in the interest of the insurance company and the persons insured by it. He may impose any conditions he considers appropriate.

1990, c. 86, s. 4; 1996, c. 63, s. 80.

1991-03-15

50.1. Where an agreement referred to in section 50 is made with a view to exercising voting rights attached to shares in an insurance company, the nominee shall not be entitled to exercise the voting rights covered by such an agreement except with the written authorization of the Inspector General.

Where an agreement referred to in section 50 is made with a view to exercising voting rights attached to shares in the corporation that controls an insurance company, the corporation shall no longer be entitled to exercise the voting rights attached to the shares in the insurance company except with the written authorization of the Inspector General.

The Inspector General may give his authorization if he considers it expedient in the interest of the insurance company and the persons insured by it. He may impose any conditions he considers appropriate.

1990, c. 86, s. 4.