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

Section 419 Disposition versions

2019-06-13

419. The Authority may, if it considers that an insurer or distributor is not complying with this Title or a regulation under section 226, impose an administrative penalty not exceeding $100,000 on the insurer or distributor.

Moreover, the Authority may order an insurer to cease distributing an insurance product through distributors.

1998, c. 37, s. 419; 2002, c. 45, s. 479; 2004, c. 37, s. 90; 2009, c. 58, s. 71; 2018, c. 23, s. 577.

2009-12-04

419. The Authority may, if it considers that an insurer or distributor is not complying with this Title or a regulation under section 226 or 423, impose an administrative penalty not exceeding $100,000 on the insurer or distributor.

Moreover, the Authority may order an insurer to cease distributing an insurance product through distributors.

1998, c. 37, s. 419; 2002, c. 45, s. 479; 2004, c. 37, s. 90; 2009, c. 58, s. 71.

2004-12-17

419. Where an insurer fails to comply with an order of the Authority, the Authority may order the insurer to cease distributing the product through distributors.

1998, c. 37, s. 419; 2002, c. 45, s. 479; 2004, c. 37, s. 90.

2004-02-01

419. Where an insurer fails to comply with an order of the Agency, the Agency may order the insurer to cease distributing the product through distributors.

1998, c. 37, s. 419; 2002, c. 45, s. 479.

1999-10-01

419. Where an insurer fails to comply with an order of the Bureau, the Bureau shall inform the Inspector General of Financial Institutions who may order the insurer to cease distributing the product through distributors.

1998, c. 37, s. 419.