C-74 - Insurance Brokers Act

Section 6 Disposition versions

1987-02-15

6. Notwithstanding any provision of the by-laws, it shall be an act derogatory to the honour, dignity and discipline of the profession of insurance broker, punishable in accordance with the procedure enacted in section 25, for a member, or a corporation of which he is an officer or director,

(a)  to commit an offence against the Act respecting insurance (chapter A-32) or an act contemplated in section 360 of the said act;

(b)  to fail, without legitimate excuse, to pay to an insurer on demand or at the time fixed the premiums which he has collected for him;

(c)  to be found guilty, by final judgment, of an indictable offence in connection with the practice of the profession of insurance broker.

R. S. 1964, c. 268, s. 6; 1974, c. 70, s. 473; 1986, c. 95, s. 120.

1977-12-31

6. Notwithstanding any provision of the by-laws, it shall be an act derogatory to the honour, dignity and discipline of the profession of insurance broker, punishable in accordance with the procedure enacted in section 25, for a member, or a corporation of which he is an officer or director,

(a)  to commit an offence against the Act respecting insurance (chapter A-32) or an act contemplated in section 360 of the said act;

(b)  to fail, without legitimate excuse, to pay to an insurer on demand or at the time fixed the premiums which he has collected for him;

(c)  to be found guilty of an indictable offence by final judgment of a court of competent jurisdiction.

R. S. 1964, c. 268, s. 6; 1974, c. 70, s. 473.