Consolidated Statutes and Regulations
Consolidated Statutes
Consolidated Regulations
Annual Statutes and Regulations
Annual Statutes
Annual Regulations
Additional information
Québec Official Publisher
What’s new?
Information note
Policy of the Minister of Justice
Laws: Amendments
Laws: Provisions not in force
Laws: Provisions brought into force
Annual Statutes: PDF versions since 1996
Regulations: Amendments
Annual Regulations: PDF versions since 1996
Court Decisions
A-32.1 - Insurers Act
Section 113
Disposition versions
113. Unless the obligations of an authorized Québec insurer under the following contracts are minimal, such contracts must be submitted to its board of directors for approval:
(1) a contract for the acquisition, by the insurer, of securities issued by a natural person or group that is a restricted party with respect to the insurer or for the transfer of assets between them; and
(2) a service contract between the insurer and a natural person or group that is a restricted party with respect to the insurer.
Before approving such contracts, the board of directors must obtain the opinion of the ethics committee.
In force: 2019-06-13
113. Unless the obligations of an authorized Québec insurer under the following contracts are minimal, such contracts must be submitted to its board of directors for approval:
(1) a contract for the acquisition, by the insurer, of securities issued by a natural person or group that is a restricted party with respect to the insurer or for the transfer of assets between them; and
(2) a service contract between the insurer and a natural person or group that is a restricted party with respect to the insurer.
Before approving such contracts, the board of directors must obtain the opinion of the ethics committee.
