A-32 - Act respecting insurance

Section 93.243 Disposition versions

2006-04-01

93.243. Every guarantee fund shall guarantee to the insured persons of a mutual insurance association which is a member thereof and the assets of which have been liquidated the payment, on presentation of the proper documents, of the balance

(1)  on any debt dependent upon the realization, before the winding-up or dissolution, of the risk assumed by the member;

(2)  on any debt of the insured person for the recovery of the value of its policies or for the repayment of premiums paid in respect of risks no longer covered following the winding-up or dissolution of the member.

The guarantee fund is bound by that obligation only towards an insured person who has filed a valid claim with the liquidator or, as the case may be, the Minister of Revenue.

Every claim by an insured person shall be filed within three years after the liquidation of the assets of a member.

1985, c. 17, s. 6; 1996, c. 63, s. 81; 2005, c. 44, s. 54.

1996-12-23

93.243. Every guarantee fund shall guarantee to the insured persons of a mutual insurance association which is a member thereof and the assets of which have been liquidated the payment, on presentation of the proper documents, of the balance

(1)  on any debt dependent upon the realization, before the winding-up or dissolution, of the risk assumed by the member;

(2)  on any debt of the insured person for the recovery of the value of its policies or for the repayment of premiums paid in respect of risks no longer covered following the winding-up or dissolution of the member.

The guarantee fund is bound by that obligation only towards an insured person who has filed a valid claim with the liquidator or, as the case may be, the Public Curator.

Every claim by an insured person shall be filed within three years after the liquidation of the assets of a member.

1985, c. 17, s. 6; 1996, c. 63, s. 81.

1985-09-11

93.243. Every corporation shall guarantee to the insured persons of a mutual insurance association which is a member thereof and the assets of which have been liquidated the payment, on presentation of the proper documents, of the balance

(1)  on any debt dependent upon the realization, before the winding-up or dissolution, of the risk assumed by the member;

(2)  on any debt of the insured person for the recovery of the value of its policies or for the repayment of premiums paid in respect of risks no longer covered following the winding-up or dissolution of the member.

The corporation is bound by that obligation only towards an insured person who has filed a valid claim with the liquidator or, as the case may be, the Public Curator.

Every claim by an insured person shall be filed within three years after the liquidation of the assets of a member.

1985, c. 17, s. 6.