A-32 - Act respecting insurance

Section 93.88 Disposition versions

2004-12-17

93.88. The board of directors shall in particular

(1)  comply with the by-laws and standards adopted by the federation of which the mutual insurance association is a member and see that they are complied with;

(2)  furnish the Authority, at its request, with a certified copy of the by-laws of the mutual insurance association;

(3)  see to it that the registers are kept and preserved;

(4)  determine the rate of interest on membership shares and on preferred shares within the limit prescribed by by-law of the mutual insurance association;

(5)  see to it that the investments of the mutual insurance association are made in accordance with its investment policy;

(6)  rule annually on the distribution of the yearly surplus among the members;

(7)  designate the persons authorized to sign contracts or other documents on behalf of the mutual insurance association;

(8)  at the annual meeting, give an account of its management and submit the annual report;

(9)  facilitate the work of the persons in charge of inspecting the mutual insurance association, supervising its operations or auditing its books and accounts.

1985, c. 17, s. 6; 1996, c. 63, s. 19; 2002, c. 70, s. 48; 2002, c. 45, s. 243; 2004, c. 37, s. 90.

2004-02-01

93.88. The board of directors shall in particular

(1)  comply with the by-laws and standards adopted by the federation of which the mutual insurance association is a member and see that they are complied with;

(2)  furnish the Agency, at its request, with a certified copy of the by-laws of the mutual insurance association;

(3)  see to it that the registers are kept and preserved;

(4)  determine the rate of interest on membership shares and on preferred shares within the limit prescribed by by-law of the mutual insurance association;

(5)  see to it that the investments of the mutual insurance association are made in accordance with its investment policy;

(6)  rule annually on the distribution of the yearly surplus among the members;

(7)  designate the persons authorized to sign contracts or other documents on behalf of the mutual insurance association;

(8)  at the annual meeting, give an account of its management and submit the annual report;

(9)  facilitate the work of the persons in charge of inspecting the mutual insurance association, supervising its operations or auditing its books and accounts.

1985, c. 17, s. 6; 1996, c. 63, s. 19; 2002, c. 70, s. 48; 2002, c. 45, s. 243.

2003-02-12

93.88. The board of directors shall in particular

(1)  comply with the by-laws and standards adopted by the federation of which the mutual insurance association is a member and see that they are complied with;

(2)  furnish the Inspector General, at his request, with a certified copy of the by-laws of the mutual insurance association;

(3)  see to it that the registers are kept and preserved;

(4)  determine the rate of interest on membership shares and on preferred shares within the limit prescribed by by-law of the mutual insurance association;

(5)  see to it that the investments of the mutual insurance association are made in accordance with its investment policy;

(6)  rule annually on the distribution of the yearly surplus among the members;

(7)  designate the persons authorized to sign contracts or other documents on behalf of the mutual insurance association;

(8)  at the annual meeting, give an account of its management and submit the annual report;

(9)  facilitate the work of the persons in charge of inspecting the mutual insurance association, supervising its operations or auditing its books and accounts.

1985, c. 17, s. 6; 1996, c. 63, s. 19; 2002, c. 70, s. 48.

1996-12-23

93.88. The board of directors shall in particular

(1)  comply with the by-laws and standards adopted by the federation of which the mutual insurance association is a member and see that they are complied with;

(2)  furnish the Inspector General, at his request, with a certified copy of the by-laws of the mutual insurance association;

(3)  see to it that the registers are kept and preserved;

(4)  determine the rate of interest on membership shares and on preferred shares within the limit prescribed by by-law of the mutual insurance association;

(5)  see to it that the investments of the mutual insurance association are made in accordance with its investment policy;

(6)  between 31 December and 1 March of each year, rule on the distribution of the yearly surplus among the members;

(7)  designate the persons authorized to sign contracts or other documents on behalf of the mutual insurance association;

(8)  at the annual meeting, give an account of its management and submit the annual report;

(9)  facilitate the work of the persons in charge of inspecting the mutual insurance association, supervising its operations or auditing its books and accounts.

1985, c. 17, s. 6; 1996, c. 63, s. 19.

1985-09-11

93.88. The board of directors shall in particular

(1)  comply with the by-laws and standards adopted by the federation of which the mutual insurance association is a member and see that they are complied with;

(2)  furnish the Inspector General, at his request, with a certified copy of the by-laws of the mutual insurance association;

(3)  see to it that the registers are kept and preserved;

(4)  determine the rate of interest on preferred shares within the limit prescribed by by-law of the mutual insurance association;

(5)  see to it that the investments of the mutual insurance association are made in accordance with its investment policy;

(6)  between 31 December and 1 March of each year, rule on the distribution of the yearly surplus among the members;

(7)  designate the persons authorized to sign contracts or other documents on behalf of the mutual insurance association;

(8)  at the annual meeting, give an account of its management and submit the annual report;

(9)  facilitate the work of the persons in charge of inspecting the mutual insurance association, supervising its operations or auditing its books and accounts.

1985, c. 17, s. 6.