A-32.1, r. 1 - Regulation under the Act respecting insurance

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19. Insurance in the “surety insurance” class is insurance whereby the insurer undertakes to guarantee the performance of an obligation or the payment of a penalty or indemnity for default on the part of the debtor. It does not include credit insurance, credit protection insurance or hypothec insurance, which are distinct classes.
O.C. 887-2009, s. 19.