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A-32 - Act respecting insurance

Section 93.225
Disposition versions

Full text
93.225. A guarantee fund shall, where its capital is reduced below the amount determined by the Authority, require any other additional amount from its members which is payable by them to bring the capital of the guarantee fund to an amount at least equal to the amount determined by the Authority.
The directors shall determine, by resolution, the criteria for fixing the amount of any such additional sum and the terms and conditions of its payment.
The resolution requires the approval of the Authority.
1985, c. 17, s. 6; 1996, c. 63, s. 81; 2002, c. 45, s. 243; 2004, c. 37, s. 90.
93.225. A guarantee fund shall, where its capital is reduced below the amount determined by the Agency, require any other additional amount from its members which is payable by them to bring the capital of the guarantee fund to an amount at least equal to the amount determined by the Agency.
The directors shall determine, by resolution, the criteria for fixing the amount of any such additional sum and the terms and conditions of its payment.
The resolution requires the approval of the Agency.
1985, c. 17, s. 6; 1996, c. 63, s. 81; 2002, c. 45, s. 243.
93.225. A guarantee fund shall, where its capital is reduced below the amount determined by the Inspector General, require any other additional amount from its members which is payable by them to bring the capital of the guarantee fund to an amount at least equal to the amount determined by the Inspector General.
The directors shall determine, by resolution, the criteria for fixing the amount of any such additional sum and the terms and conditions of its payment.
The resolution requires the approval of the Inspector General.
1985, c. 17, s. 6; 1996, c. 63, s. 81.
93.225. A corporation shall, where its capital is reduced below the amount determined by the Inspector General, require any other additional amount from its members which is payable by them to bring the capital of the corporation to an amount at least equal to the amount determined by the Inspector General.
The directors shall determine, by resolution, the criteria for fixing the amount of any such additional sum and the terms and conditions of its payment.
The resolution requires the approval of the Inspector General.
1985, c. 17, s. 6.
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