125. The civil liability insurance policy shall
(1) specifically cover the authorization holder’s liability for damage to the environment attributable to sudden or accidental events related to his activities; and
(2) include a provision obliging the insurer to notify the Minister within 10 working days following the revocation, rescission or cancellation of the contract or following an amendment that reduces the coverage thereof.
If, at the time of the taking of effect of the rescission, cancellation of or amendment to an insurance policy, a new policy that complies with the requirements prescribed in this Regulation has not been contracted, the holder may not pursue his activity until he has remedied the situation.
O.C. 1310-97, s. 125; 871-2020O.C. 871-2020, s. 311.