A-32.1 - Insurers Act

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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. 32018, c. 23, s. 3.
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. 32018, c. 23, s. 3.