A-32 - Act respecting insurance

Section 93.56 Disposition versions

2004-12-17

93.56. To be a member of a mutual insurance association, a person, partnership or association shall meet the following conditions:

(1)  (subparagraph repealed);

(2)  belong to the group described in the articles, where such is the case;

(3)  undertake insurance with the mutual insurance association;

(4)  undertake to comply with the by-laws of the mutual insurance association;

(5)  (subparagraph repealed).

Subparagraph 3 of the first paragraph applies with respect to a founder only after the expiry of one year after the date on which the licence is issued to the association by the Authority. The founder is, during that period, a member in good standing of the mutual insurance association.

1985, c. 17, s. 6; 1996, c. 63, s. 12; 2002, c. 45, s. 243; 2004, c. 37, s. 90.

2004-02-01

93.56. To be a member of a mutual insurance association, a person, partnership or association shall meet the following conditions:

(1)  (paragraph repealed);

(2)  belong to the group described in the articles, where such is the case;

(3)  undertake insurance with the mutual insurance association;

(4)  undertake to comply with the by-laws of the mutual insurance association;

(5)  (paragraph repealed).

Subparagraph 3 of the first paragraph applies with respect to a founder only after the expiry of one year after the date on which the licence is issued to the association by the Agency. The founder is, during that period, a member in good standing of the mutual insurance association.

1985, c. 17, s. 6; 1996, c. 63, s. 12; 2002, c. 45, s. 243.

1996-12-23

93.56. To be a member of a mutual insurance association, a person, partnership or association shall meet the following conditions:

(1)  (paragraph repealed);

(2)  belong to the group described in the articles, where such is the case;

(3)  undertake insurance with the mutual insurance association;

(4)  undertake to comply with the by-laws of the mutual insurance association;

(5)  (paragraph repealed).

Subparagraph 3 of the first paragraph applies with respect to a founder only after the expiry of one year after the date on which the licence is issued to the association by the Inspector General. The founder is, during that period, a member in good standing of the mutual insurance association.

1985, c. 17, s. 6; 1996, c. 63, s. 12.

1985-09-11

93.56. To be a member of a mutual insurance association, a person, partnership or association shall meet the following conditions:

(1)  apply for membership, except in the case of a founder mentioned in the articles of the association;

(2)  belong to the group described in the articles, where such is the case;

(3)  subscribe and pay for the number of qualifying common shares prescribed by by-law of the mutual insurance association, or failing such a by-law, one such share;

(4)  undertake to comply with the by-laws of the mutual insurance association;

(5)  be admitted by the board of directors or by a person authorized by it.

1985, c. 17, s. 6.