A-32 - Act respecting insurance

Section 93.18 Disposition versions

1999-10-22

93.18. The following documents shall accompany the articles:

(1)  an application, signed by two founders, requesting the Minister to order the constitution of the mutual insurance association;

(2)  a notice of the surname, name and address of the person designated as provisional secretary of the mutual insurance association;

(3)  a notice of the mode of and time limit for calling the organizing meeting;

(4)  a notice of the address of the head office;

(5)  a certified copy of the resolution of the federation that has undertaken to admit the mutual insurance association as a member;

(6)  an affidavit from the applicants establishing

(a)  the capital needed to finance the operations of the association and maintain an excess amount of assets over liabilities equal to or greater than the minimum amount required under section 275;

(b)  the amount subscribed and paid for common shares by the founders;

(c)  the amount that the guarantee fund related to the federation of which the association is to be a member has undertaken, for the association’s first three years of operation, to pay if necessary to make up the difference between the capital contemplated in subparagraph a and the amount contemplated in subparagraph b;

(7)  a certified copy of the resolution of the guarantee fund setting out the undertaking contemplated in paragraph 6, where such is the case;

(8)  the budgeted statements of the assets and liabilities and the earnings forecasts for the first three years of operation of the mutual insurance association;

(9)  any other document required by regulation of the Government.

1985, c. 17, s. 6; 1996, c. 63, s. 82, s. 88; 1999, c. 40, s. 33.

1996-12-23

93.18. The following documents shall accompany the articles:

(1)  an application, signed by two founders, requesting the Minister to order the incorporation of the mutual insurance association;

(2)  a notice of the surname, name and address of the person designated as provisional secretary of the mutual insurance association;

(3)  a notice of the mode of and time limit for calling the organizing meeting;

(4)  a notice of the address of the head office;

(5)  a certified copy of the resolution of the federation that has undertaken to admit the mutual insurance association as a member;

(6)  an affidavit from the applicants establishing

(a)  the capital needed to finance the operations of the association and maintain an excess amount of assets over liabilities equal to or greater than the minimum amount required under section 275;

(b)  the amount subscribed and paid for common shares by the founders;

(c)  the amount that the guarantee fund related to the federation of which the association is to be a member has undertaken, for the association’s first three years of operation, to pay if necessary to make up the difference between the capital contemplated in subparagraph a and the amount contemplated in subparagraph b;

(7)  a certified copy of the resolution of the guarantee fund setting out the undertaking contemplated in paragraph 6, where such is the case;

(8)  the budgeted statements of the assets and liabilities and the earnings forecasts for the first three years of operation of the mutual insurance association;

(9)  any other document required by regulation of the Government.

1985, c. 17, s. 6; 1996, c. 63, s. 82, s. 88.

1985-09-11

93.18. The following documents shall accompany the articles:

(1)  an application, signed by two founders, requesting the Minister to order the incorporation of the mutual insurance association;

(2)  a notice of the surname, given name and address of the person designated as provisional secretary of the mutual insurance association;

(3)  a notice of the mode of and time limit for calling the organizing meeting;

(4)  a notice of the address of the head office;

(5)  a certified copy of the resolution of the federation that has undertaken to admit the mutual insurance association as a member;

(6)  an affidavit from the applicants establishing

(a)  the capital needed to finance the operations of the association and maintain an excess amount of assets over liabilities equal to or greater than the minimum amount required under section 275;

(b)  the amount subscribed and paid for common shares by the founders;

(c)  the amount that the guarantee fund corporation related to the federation of which the association is to be a member has undertaken, for the association’s first three years of operation, to pay if necessary to make up the difference between the capital contemplated in subparagraph a and the amount contemplated in subparagraph b;

(7)  a certified copy of the resolution of the guarantee fund corporation setting out the undertaking contemplated in paragraph 6, where such is the case;

(8)  the budgeted statements of the assets and liabilities and the earnings forecasts for the first three years of operation of the mutual insurance association;

(9)  any other document required by regulation of the Government.

1985, c. 17, s. 6.