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C-39 - Act respecting certain mutual companies of insurance against fire, lightning and wind
Section 18
Disposition versions
18. The said company may insure against fire, lightning and wind, or against fire, lightning or wind separately.
The company may fix rates for policies of insurance in a village, at one hundred per cent more than in a parish.
When the rate in the parish and in the village is the same, and several properties are destroyed at the same time in such village, the company need not, if the total value of the properties so destroyed exceeds the maximum fixed by the company, pay, in all, more than such maximum, which maximum shall be divided between the parties insured whose property has been so destroyed, in proportion to the amount of their insurance.
