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A-32.1 - Insurers Act

Section 540
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540. At least one-third of the members of the board of directors of an insurance company bound by insurance contracts conferring rights to policy dividends must be elected exclusively by the holders of such contracts as soon as there are at least 100 such holders.
Such holders are entitled to vote in the election, each of them having one vote; in addition, they are entitled to attend all meetings of the company members.
2018, c. 23, s. 3.
In force: 2019-06-13
540. At least one-third of the members of the board of directors of an insurance company bound by insurance contracts conferring rights to policy dividends must be elected exclusively by the holders of such contracts as soon as there are at least 100 such holders.
Such holders are entitled to vote in the election, each of them having one vote; in addition, they are entitled to attend all meetings of the company members.
2018, c. 23, s. 3.
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