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A-32 - Act respecting insurance

Section 93.124
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93.124. To be a founder, a mutual insurance association requires prior authorization by way of a resolution of its board of directors indicating the name of its representative for the purposes of the constitution of the federation. The resolution requires confirmation by the vote of not less than two-thirds of the members present at a special meeting called for that purpose.
The mutual insurance association shall notify the federation of which it is a member of the holding of the meeting. A representative of the federation may attend and be heard at the meeting.
1985, c. 17, s. 6; 1999, c. 40, s. 33.
93.124. To be a founder, a mutual insurance association requires prior authorization by way of a resolution of its board of directors indicating the name of its representative for the purposes of the incorporation of the federation. The resolution requires confirmation by the vote of not less than two-thirds of the members present at a special meeting called for that purpose.
The mutual insurance association shall notify the federation of which it is a member of the holding of the meeting. A representative of the federation may attend and be heard at the meeting.
1985, c. 17, s. 6.
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