D-9.2 - Act respecting the distribution of financial products and services

Section 41 Disposition versions

2019-06-13

41. Only a special broker may offer the insurance products of an outside insurer if the firm for which the special broker is acting has met the requirements of the second paragraph of section 77.

A special broker is a damage insurance broker who acts for a firm and who is authorized to act in that capacity on the conditions that the Authority determines by regulation. The broker’s certificate shall include the relevant particulars.

An outside insurer is a damage insurer that, under subparagraph 3 of the first paragraph of section 27 of the Insurers Act (chapter A-32.1), does not require the Authority’s authorization.

1998, c. 37, s. 41; 2002, c. 45, s. 499; 2004, c. 37, s. 90; 2018, c. 23, s. 519.

2004-12-17

41. Only a damage insurance broker acting for a firm, and who is authorized by the Authority to act as a special broker on the conditions determined by regulation of the Authority, may offer an insurance product from an outside insurer. The broker’s certificate shall include the relevant particulars.

No broker may pursue such activities unless the firm has met the requirements set out in the second paragraph of section 77.

An outside insurer is an insurer in damage insurance that does not hold a licence issued pursuant to the Act respecting insurance (chapter A‐32).

1998, c. 37, s. 41; 2002, c. 45, s. 499; 2004, c. 37, s. 90.

2004-02-01

41. Only a damage insurance broker acting for a firm, and who is authorized by the Agency to act as a special broker on the conditions determined by regulation of the Agency, may offer an insurance product from an outside insurer. The broker’s certificate shall include the relevant particulars.

No broker may pursue such activities unless the firm has met the requirements set out in the second paragraph of section 77.

An outside insurer is an insurer in damage insurance that does not hold a licence issued pursuant to the Act respecting insurance (chapter A‐32).

1998, c. 37, s. 41; 2002, c. 45, s. 499.

1999-10-01

41. Only a damage insurance broker acting for a firm, and who is authorized by the Bureau to act as a special broker on the conditions determined by regulation of the Bureau, may offer an insurance product from an outside insurer. The broker’s certificate shall include the relevant particulars.

No broker may pursue such activities unless the firm has met the requirements set out in the second paragraph of section 77.

An outside insurer is an insurer in damage insurance that does not hold a licence issued pursuant to the Act respecting insurance (chapter A‐32).

1998, c. 37, s. 41.