Consolidated Statutes and Regulations Consolidated Statutes Consolidated Regulations Annual Statutes and Regulations Annual Statutes Annual Regulations Additional information Québec Official Publisher What’s new? Information note Policy of the Minister of Justice Laws: Amendments Laws: Provisions not in force Laws: Provisions brought into force Annual Statutes: PDF versions since 1996 Regulations: Amendments Annual Regulations: PDF versions since 1996 Court Decisions

C-27.1 - Municipal Code of Québec

Section 711.14
Disposition versions

Full text
711.14. If the Autorité des marchés financiers is of the opinion that the contributions which the municipalities are required to pay are no longer sufficient, in view of the obligations of the legal person, to maintain sufficient capital, in accordance with the Insurers Act (chapter A‐32.1), the Authority may order the legal person, after giving it the opportunity to present observations, to increase the contributions by the amount and for the period that the Authority determines, so as to cover the operating costs of the legal person.
The municipalities are thereupon bound to pay the required contributions.
The order is deemed to be an order made under the Insurers Act.
1992, c. 27, s. 47; 1997, c. 43, s. 182; 1999, c. 40, s. 60; 2002, c. 70, s. 184; 2002, c. 45, s. 271; 2004, c. 37, s. 90; 2018, c. 23, s. 811.
711.14. If the Autorité des marchés financiers is of the opinion that the contributions which the municipalities are required to pay are no longer sufficient, in view of the obligations of the legal person, to maintain sufficient capital, in accordance with the Act respecting insurance (chapter A‐32), the Authority may order the legal person, after giving it the opportunity to present observations, to increase the contributions by the amount and for the period that the Authority determines, so as to cover the operating costs of the legal person.
The municipalities are thereupon bound to pay the required contributions.
The order is deemed to be an order made under the Act respecting insurance.
1992, c. 27, s. 47; 1997, c. 43, s. 182; 1999, c. 40, s. 60; 2002, c. 70, s. 184; 2002, c. 45, s. 271; 2004, c. 37, s. 90.
711.14. If the Agence nationale d’encadrement du secteur financier is of the opinion that the contributions which the municipalities are required to pay are no longer sufficient, in view of the obligations of the legal person, to maintain sufficient capital, in accordance with the Act respecting insurance (chapter A‐32), the Agency may order the legal person, after giving it the opportunity to present observations, to increase the contributions by the amount and for the period that the Agency determines, so as to cover the operating costs of the legal person.
The municipalities are thereupon bound to pay the required contributions.
The order is deemed to be an order made under the Act respecting insurance.
1992, c. 27, s. 47; 1997, c. 43, s. 182; 1999, c. 40, s. 60; 2002, c. 70, s. 184; 2002, c. 45, s. 271.
711.14. If the Inspector General is of the opinion that the contributions which the municipalities are required to pay are no longer sufficient, in view of the obligations of the legal person, to maintain sufficient capital, in accordance with the Act respecting insurance (chapter A‐32), he may order the legal person, after giving it the opportunity to present observations, to increase the contributions by the amount and for the period he determines, so as to cover the operating costs of the legal person.
The municipalities are thereupon bound to pay the required contributions.
The order is deemed to be an order made under the Act respecting insurance.
1992, c. 27, s. 47; 1997, c. 43, s. 182; 1999, c. 40, s. 60; 2002, c. 70, s. 184.
711.14. If the Inspector General is of the opinion that the contributions which the municipalities are required to pay are no longer sufficient, in view of the obligations of the legal person, to maintain assets that exceed its liabilities for an amount equal to or greater than the minimum amount required under section 275 of the Act respecting insurance (chapter A-32), he may order the legal person, after giving it the opportunity to present observations, to increase the contributions by the amount and for the period he determines, so as to cover the operating costs of the legal person.
The municipalities are thereupon bound to pay the required contributions.
The order is deemed to be an order made under the Act respecting insurance.
1992, c. 27, s. 47; 1997, c. 43, s. 182; 1999, c. 40, s. 60.
711.14. If the Inspector General is of the opinion that the contributions which the municipalities are required to pay are no longer sufficient, in view of the obligations of the corporation, to maintain assets that exceed its liabilities for an amount equal to or greater than the minimum amount required under section 275 of the Act respecting insurance (chapter A-32), he may order the corporation, after giving it the opportunity to present observations, to increase the contributions by the amount and for the period he determines, so as to cover the operating costs of the corporation.
The municipalities are thereupon bound to pay the required contributions.
The order is deemed to be an order made under the Act respecting insurance.
1992, c. 27, s. 47; 1997, c. 43, s. 182.
711.14. If the Inspector General is of the opinion that the contributions which the municipalities are required to pay are no longer sufficient, in view of the obligations of the corporation, to maintain assets that exceed its liabilities for an amount equal to or greater than the minimum amount required under section 275 of the Act respecting insurance (chapter A-32), he may order the corporation, after giving it the opportunity to be heard, to increase the contributions by the amount and for the period he determines, so as to cover the operating costs of the corporation.
The municipalities are thereupon bound to pay the required contributions.
The order is deemed to be an order made under the Act respecting insurance.
1992, c. 27, s. 47.
© Gouvernement du Québec