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A-32 - Act respecting insurance

Section 93.219
Disposition versions

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93.219. The mutual insurance associations that are the founders of a federation shall apply for the constitution of a guarantee fund having the following objects:
(1)  establishing and managing a guarantee fund, a cash reserve fund, or a mutual aid fund for the benefit of its members;
(2)  providing financial assistance with regard to losses sustained by the members of a mutual insurance association that is a member of the guarantee fund, on the winding-up or dissolution of the association.
1985, c. 17, s. 6; 1996, c. 63, s. 82; 1999, c. 40, s. 33.
93.219. The mutual insurance associations that are the founders of a federation shall apply for the incorporation of a guarantee fund having the following objects:
(1)  establishing and managing a guarantee fund, a cash reserve fund, or a mutual aid fund for the benefit of its members;
(2)  providing financial assistance with regard to losses sustained by the members of a mutual insurance association that is a member of the guarantee fund, on the winding-up or dissolution of the association.
1985, c. 17, s. 6; 1996, c. 63, s. 82.
93.219. The mutual insurance associations that are the founders of a federation shall apply for the incorporation of a guarantee fund corporation having the following objects:
(1)  establishing and managing a guarantee fund, a cash reserve fund, or a mutual aid fund for the benefit of its members;
(2)  providing financial assistance with regard to losses sustained by the members of a mutual insurance association that is a member of the guarantee fund corporation, on the winding-up or dissolution of the association.
1985, c. 17, s. 6.
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