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A-32 - Act respecting insurance

Section 93.115
Disposition versions

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93.115. The Minister may order the Authority to dissolve a mutual insurance association if
(1)  within 60 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to pass a resolution or by-law, as the case may be, to affiliate with another federation, apply for the constitution of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or wind up;
(2)  within 120 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to affiliate with another federation, constitute a new federation, submit to the Minister an amalgamation agreement with a mutual insurance association or a by-law providing for its conversion into a mutual damage-insurance company or, failing that, to pass a resolution for its winding-up;
(3)  within 60 days of the deposit in the register of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to pass a by-law or resolution, as the case may be, to affiliate with another federation, apply for the constitution of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company, or wind up;
(4)  within 120 days of the deposit in the register of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to affiliate with another federation, obtain the constitution of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or, if it has failed to pass a resolution for its winding-up.
1985, c. 17, s. 6; 1993, c. 48, s. 128; 1999, c. 40, s. 33; 2002, c. 45, s. 243; 2004, c. 37, s. 90.
93.115. The Minister may order the Agency to dissolve a mutual insurance association if
(1)  within 60 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to pass a resolution or by-law, as the case may be, to affiliate with another federation, apply for the constitution of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or wind up;
(2)  within 120 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to affiliate with another federation, constitute a new federation, submit to the Minister an amalgamation agreement with a mutual insurance association or a by-law providing for its conversion into a mutual damage-insurance company or, failing that, to pass a resolution for its winding-up;
(3)  within 60 days of the deposit in the register of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to pass a by-law or resolution, as the case may be, to affiliate with another federation, apply for the constitution of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company, or wind up;
(4)  within 120 days of the deposit in the register of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to affiliate with another federation, obtain the constitution of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or, if it has failed to pass a resolution for its winding-up.
1985, c. 17, s. 6; 1993, c. 48, s. 128; 1999, c. 40, s. 33; 2002, c. 45, s. 243.
93.115. The Minister may order the Inspector General to dissolve a mutual insurance association if
(1)  within 60 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to pass a resolution or by-law, as the case may be, to affiliate with another federation, apply for the constitution of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or wind up;
(2)  within 120 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to affiliate with another federation, constitute a new federation, submit to the Minister an amalgamation agreement with a mutual insurance association or a by-law providing for its conversion into a mutual damage-insurance company or, failing that, to pass a resolution for its winding-up;
(3)  within 60 days of the deposit in the register of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to pass a by-law or resolution, as the case may be, to affiliate with another federation, apply for the constitution of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company, or wind up;
(4)  within 120 days of the deposit in the register of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to affiliate with another federation, obtain the constitution of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or, if it has failed to pass a resolution for its winding-up.
1985, c. 17, s. 6; 1993, c. 48, s. 128; 1999, c. 40, s. 33.
93.115. The Minister may order the Inspector General to dissolve a mutual insurance association if
(1)  within 60 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to pass a resolution or by-law, as the case may be, to affiliate with another federation, apply for the incorporation of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or wind up;
(2)  within 120 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to affiliate with another federation, incorporate a new federation, submit to the Minister an amalgamation agreement with a mutual insurance association or a by-law providing for its conversion into a mutual damage-insurance company or, failing that, to pass a resolution for its winding-up;
(3)  within 60 days of the deposit in the register of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to pass a by-law or resolution, as the case may be, to affiliate with another federation, apply for the incorporation of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company, or wind up;
(4)  within 120 days of the deposit in the register of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to affiliate with another federation, obtain the incorporation of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or, if it has failed to pass a resolution for its winding-up.
1985, c. 17, s. 6; 1993, c. 48, s. 128.
93.115. The Minister may order the Inspector General to dissolve a mutual insurance association if
(1)  within 60 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to pass a resolution or by-law, as the case may be, to affiliate with another federation, apply for the incorporation of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or wind up;
(2)  within 120 days of the confirmation of the resolution provided for in section 93.7 or of its expulsion from a federation, the association has failed to affiliate with another federation, incorporate a new federation, submit to the Minister an amalgamation agreement with a mutual insurance association or a by-law providing for its conversion into a mutual damage-insurance company or, failing that, to pass a resolution for its winding-up;
(3)  within 60 days of the publication of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to pass a by-law or resolution, as the case may be, to affiliate with another federation, apply for the incorporation of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company, or wind up;
(4)  within 120 days of the publication of the notice of winding-up or dissolution of the federation of which it is a member, the association has failed to affiliate with another federation, obtain the incorporation of a new federation, amalgamate with a mutual insurance association, convert into a mutual damage-insurance company or, if it has failed to pass a resolution for its winding-up.
1985, c. 17, s. 6.
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