I-15.1 - Act respecting market intermediaries

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198. Where a council fails or neglects to exercise responsibilities conferred on it or where, as a result of its action, the protection of the public is not ensured or the requirements of this Act or of the regulations and by-laws made under or pursuant to this Act in relation to market intermediation in insurance business are not met, the Inspector General may exercise all or part of the powers conferred on a council and, to the extent and for the period he determines, prohibit that council from exercising those powers.
Before rendering his decision, the Inspector General shall notify the council concerned and give it an opportunity to present observations. The council may appeal from the decision of the Inspector General to the Superior Court, within 30 days.
1989, c. 48, s. 198; 1997, c. 43, s. 330.
198. Where a council fails or neglects to exercise responsibilities conferred on it or where, as a result of its action, the protection of the public is not ensured or the requirements of this Act or of the regulations and by-laws made under or pursuant to this Act in relation to market intermediation in insurance business are not met, the Inspector General may exercise all or part of the powers conferred on a council and, to the extent and for the period he determines, prohibit that council from exercising those powers.
Before rendering his decision, the Inspector General shall notify the council concerned and give it an opportunity to be heard. The council may appeal from the decision of the Inspector General to the Superior Court, within 30 days.
1989, c. 48, s. 198.