A-32.1 - Insurers Act

Section 423 Disposition versions

2019-06-13

423. In addition to using the guarantee fund for the purposes of the suretyship under section 387, a federation may use it to

(1)  make loans and grants to its member companies;

(2)  guarantee the repayment of an advance or loan granted to a member company;

(3)  acquire all or some of a member company’s assets; and

(4)  acquire shares of a member company.

2018, c. 23, s. 3.

Not in force

In force: 2019-06-13

423. In addition to using the guarantee fund for the purposes of the suretyship under section 387, a federation may use it to

(1)  make loans and grants to its member companies;

(2)  guarantee the repayment of an advance or loan granted to a member company;

(3)  acquire all or some of a member company’s assets; and

(4)  acquire shares of a member company.

2018, c. 23, s. 3.