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

Section 438 Disposition versions

2019-06-13

438. A distributor who, after having been notified by an insurer of its decision to cease distributing an insurance product through the distributor, sells that product to a client is liable for any injury the client may suffer.

1998, c. 37, s. 438; 2018, c. 23, s. 585.

1999-10-01

438. Where a distributor is notified by an insurer of the latter’s decision to terminate the distributor’s distribution of an insurance product, the distributor must return to the insurer, without delay, all distribution guides and blank contract forms relating to that product.

Where a distributor who has received such notification sells an insurance product to a client, the distributor is liable for any injury suffered by the client.

1998, c. 37, s. 438.