C-26, r. 18 - Regulation respecting the indemnity fund of the Ordre des administrateurs agréés du Québec

Section 15 Disposition versions

2012-09-01

15. The maximum indemnity payable from the indemnity fund for the period covering the fiscal year of the Order is limited to $100,000 for all claims concerning a chartered administrator.

Where the executive committee believes that claims in excess of that amount may be presented with regards to the same chartered administrator, it shall suspend the payment of indemnities until it has reviewed all claims concerning the chartered administrator. It shall prepare an inventory of the funds, securities and other property entrusted to the chartered administrator and advise in writing the persons likely to file a claim.

The maximum indemnity is reconsidered every 5 years, starting 13 May 2010.

O.C. 335-2010, s. 15.