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D-9.2 - Act respecting the distribution of financial products and services
Section 197
Disposition versions
197. Insurers must, within the time prescribed by regulation, advise the Authority of their intention not to renew or to cancel the liability insurance contract of an independent representative, independent partnership or firm.
Insurers must also advise the Authority upon receiving a notice cancelling such a contract from an independent representative, independent partnership or firm.
Independent representatives, independent partnerships and firms must, at least 30 days before the date of expiry of their liability insurance contract, either renew the contract or make a contract with another insurer for a period of at least one year beginning on the day following the date of expiry.
197. Insurers must, within the time prescribed by regulation, advise the Agency of their intention not to renew or to cancel the liability insurance contract of an independent representative, independent partnership or firm.
Insurers must also advise the Agency upon receiving a notice cancelling such a contract from an independent representative, independent partnership or firm.
Independent representatives, independent partnerships and firms must, at least 30 days before the date of expiry of their liability insurance contract, either renew the contract or make a contract with another insurer for a period of at least one year beginning on the day following the date of expiry.
197. Insurers must, within the time prescribed by regulation, advise the Bureau of their intention not to renew or to cancel the liability insurance contract of an independent representative, independent partnership or firm.
Insurers must also advise the Bureau upon receiving a notice cancelling such a contract from an independent representative, independent partnership or firm.
Independent representatives, independent partnerships and firms must, at least 30 days before the date of expiry of their liability insurance contract, either renew the contract or make a contract with another insurer for a period of at least one year beginning on the day following the date of expiry.
