A-32 - Act respecting insurance

Section 93.83 Disposition versions

1996-12-23

93.83. The board of directors of a mutual insurance association shall pass a by-law to determine the total amount of remuneration that may be paid to the directors for a specified period. No director may receive any remuneration in his capacity before the by-law is passed.

The by-law must be approved by a vote of at least two-thirds of the members present at a meeting called for that purpose.

1985, c. 17, s. 6; 1996, c. 63, s. 18.

1985-09-11

93.83. No director may be remunerated. However, the directors are entitled to attendance allowances and to the reimbursement of the justifiable expenses they incur in the performance of their duties if the internal management by-laws provide, for any specified period, for an aggregate amount for that purpose.

1985, c. 17, s. 6.