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A-32.1 - Insurers Act
Section 514
Disposition versions
514. Anyone who
(1) fails to comply with a request made under section 54,
(2) deals with clients in contravention of section 59,
(3) dismisses an actuary or auditor otherwise than in accordance with section 121, or
(4) fails to notify the Authority in accordance with section 139 or to notify it of an operation described to in subparagraph 5 or 6 of the first paragraph of section 146, in accordance with section 153 or, as the case may be, section 154,
commits an offence and is liable to a fine of $2,500 to $25,000 in the case of a natural person and $7,500 to $75,000 in any other case.
In force: 2019-06-13
514. Anyone who
(1) fails to comply with a request made under section 54,
(2) deals with clients in contravention of section 59,
(3) dismisses an actuary or auditor otherwise than in accordance with section 121, or
(4) fails to notify the Authority in accordance with section 139 or to notify it of an operation described to in subparagraph 5 or 6 of the first paragraph of section 146, in accordance with section 153 or, as the case may be, section 154,
commits an offence and is liable to a fine of $2,500 to $25,000 in the case of a natural person and $7,500 to $75,000 in any other case.
