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C-39 - Act respecting certain mutual companies of insurance against fire, lightning and wind

Section 10
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10. The company shall be responsible towards each of its members for two-thirds of the damage caused by fire, or fire and lightning, or fire, lightning and wind, to the buildings and moveable effects so insured, to an amount not exceeding two-thirds of the valuation of such buildings and moveable effects, as shown upon the said valuation roll, or to an amount not exceeding two-thirds of the maximum amount of the insurance if there is a by-law fixing such amount.
R. S. 1964, c. 295, s. 49.
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