I-13.2.2 - Deposit Institutions and Deposit Protection Act

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34. The Authority, for a premium and on such other conditions as are stipulated in a policy issued by it, may guarantee the payment, on their respective maturity dates, of the principal and interest, up to $100,000, of any deposit of money made outside Québec with an authorized deposit institution constituted under an Act of Québec, or with a bank if such bank is authorized for such purpose by the Governor General in Council.
Nevertheless, the suspension of the authorization of a deposit institution shall entail suspension of any policy issued to it under the preceding paragraph, and the cancellation thereof shall entail rescission of the policy.
1966-67, c. 73, s. 34; 1966-67, c. 74, s. 1; 1983, c. 10, s. 14; 1999, c. 40, s. 27; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2007, c. 15, s. 19; 2018, c. 232018, c. 23, s. 358.
34. The Authority, for a premium and on such other conditions as are stipulated in a policy issued by it, may guarantee the payment, on their respective maturity dates, of the principal and interest, up to $100,000, of any deposit of money made outside Québec with a registered institution constituted under an Act of Québec, or with a bank if such bank is authorized for such purpose by the Governor General in Council.
Nevertheless, the suspension of the permit of any institution shall entail suspension of any policy issued to it under the preceding paragraph, and the cancellation thereof shall entail rescission of the policy.
1966-67, c. 73, s. 34; 1966-67, c. 74, s. 1; 1983, c. 10, s. 14; 1999, c. 40, s. 27; 2002, c. 45, s. 198; 2004, c. 37, s. 90; 2007, c. 15, s. 19.
34. The Authority, for a premium and on such other conditions as are stipulated in a policy issued by it, may guarantee the payment, on their respective maturity dates, of the principal and interest, up to $60 000, of any deposit of money made outside Québec with a registered institution constituted under an Act of Québec, or with a bank if such bank is authorized for such purpose by the Governor General in Council.
Nevertheless, the suspension of the permit of any institution shall entail suspension of any policy issued to it under the preceding paragraph, and the cancellation thereof shall entail rescission of the policy.
1966-67, c. 73, s. 34; 1966-67, c. 74, s. 1; 1983, c. 10, s. 14; 1999, c. 40, s. 27; 2002, c. 45, s. 198; 2004, c. 37, s. 90.
34. The Agency, for a premium and on such other conditions as are stipulated in a policy issued by it, may guarantee the payment, on their respective maturity dates, of the principal and interest, up to $60 000, of any deposit of money made outside Québec with a registered institution constituted under an Act of Québec, or with a bank if such bank is authorized for such purpose by the Governor General in Council.
Nevertheless, the suspension of the permit of any institution shall entail suspension of any policy issued to it under the preceding paragraph, and the cancellation thereof shall entail rescission of the policy.
1966-67, c. 73, s. 34; 1966-67, c. 74, s. 1; 1983, c. 10, s. 14; 1999, c. 40, s. 27; 2002, c. 45, s. 198.
34. The Board, for a premium and on such other conditions as are stipulated in a policy issued by it, may guarantee the payment, on their respective maturity dates, of the principal and interest, up to $60 000, of any deposit of money made outside Québec with a registered institution constituted under an Act of Québec, or with a bank if such bank is authorized for such purpose by the Governor General in Council.
Nevertheless, the suspension of the permit of any institution shall entail suspension of any policy issued to it under the preceding paragraph, and the cancellation thereof shall entail rescission of the policy.
1966-67, c. 73, s. 34; 1966-67, c. 74, s. 1; 1983, c. 10, s. 14; 1999, c. 40, s. 27.
34. The Board, for a premium and on such other conditions as are stipulated in a policy issued by it, may guarantee the payment, on their respective maturity dates, of the principal and interest, up to $60 000, of any deposit of money made outside Québec with a registered institution incorporated under an Act of Québec, or with a bank if such bank is authorized for such purpose by the Governor General in Council.
Nevertheless, the suspension of the permit of any institution shall entail suspension of any policy issued to it under the preceding paragraph, and the cancellation thereof shall entail rescission of the policy.
1966-67, c. 73, s. 34; 1966-67, c. 74, s. 1; 1983, c. 10, s. 14.
34. The Board, for a premium and on such other conditions as are stipulated in a policy issued by it, may guarantee the payment at maturity, in principal and interest, up to $20,000, of any deposit of money made outside Québec to a registered institution incorporated under an act of Québec, or to a bank if such bank is authorized for such purpose by the Governor-General in Council.
Nevertheless, the suspension of the permit of any institution shall entail suspension of any policy of insurance issued to it under the preceding paragraph, and the cancellation thereof shall entail rescission of the policy.
1966-67, c. 73, s. 34; 1966-67, c. 74, s. 1.