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I-15.1 - Act respecting market intermediaries

Section 14
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14. A market intermediary in insurance business may engage in the sale of savings bonds issued by the Government of Québec or of Canada.
A market intermediary in insurance business may also, notwithstanding sections 23 and 24 of the Deposit Insurance Act (chapter A-26), receive deposits within the meaning of the said Act
(1)  on behalf of one financial institution or on behalf of more than one financial institution forming part of the same group within the meaning of section 50, if he is an insurance agent;
(2)  on behalf of two or more financial institutions, if he is an insurance broker.
Deposits received by a market intermediary in insurance business shall be made by cheques made to the order of the financial institution on whose behalf the intermediary is acting.
Subject to the Real Estate Brokerage Act (chapter C-73.1), a market intermediary in insurance business may pursue the activity of a real estate broker with regard to a loan secured by immovable hypothec on the conditions set out in subparagraphs 1 and 2 of the first paragraph.
1989, c. 48, s. 14; 1991, c. 37, s. 168.
14. A market intermediary in insurance business may engage in the sale of savings bonds issued by the Government of Québec or of Canada.
In force: 1991-09-01
A market intermediary in insurance business may also, notwithstanding sections 23 and 24 of the Deposit Insurance Act (chapter A-26), receive deposits within the meaning of the said Act
(1)  on behalf of one financial institution or on behalf of more than one financial institution forming part of the same group within the meaning of section 50, if he is an insurance agent;
(2)  on behalf of two or more financial institutions, if he is an insurance broker.
In force: 1991-09-01
Deposits received by a market intermediary in insurance business shall be made by cheques made to the order of the financial institution on whose behalf the intermediary is acting.
In force: 1991-09-01
Subject to the Real Estate Brokerage Act (chapter C-73), a market intermediary in insurance business may place hypothecary loans on the conditions set out in subparagraphs 1 and 2 of the first paragraph.
1989, c. 48, s. 14.
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