N-3, r. 8.1 - Regulation respecting the compensation fund of the Chambre des notaires du Québec

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2. The compensation fund must be maintained at not less than $1,000,000.
It shall consist of
(1)  sums allocated to the fund by the board of directors;
(2)  assessments levied for that purpose;
(3)  sums or property recovered from notaries by subrogation or pursuant to section 159 of the Professional Code (chapter C-26);
(4)  income earned on the sums and property constituting the fund; and
(5)  sums paid by an insurer under an insurance policy held by the Order.
O.C. 59-2012, s. 2; 171-2020O.C. 171-2020, s. 2.
2. The compensation fund must be maintained at not less than $500,000 and shall consist of:
(1)  moneys allocated to the fund by the board of directors;
(2)  assessments levied for that purpose;
(3)  moneys or property recovered from notaries by subrogation or pursuant to section 159 of the Professional Code (chapter C-26);
(4)  income earned on the moneys and property making up the fund;
(5)  moneys paid by an insurer under an insurance policy held by the executive committee.
O.C. 59-2012, s. 2.