Application and interpretation
304(1)The provisions of this Part apply to every provincial mutual company licensed under the provisions of this Act to undertake fire, theft and livestock insurance and such other classes of insurance as are approved by the Superintendent, in this Part called “the insurer”.
304(2)Wherever the provisions of the statutory conditions set out in Part IV are in conflict with the provisions of this Part, the provisions of this Part, prevail with respect to provincial mutual companies.
304(3)In this Part unless the context otherwise requires,
“board” means the board of directors of a company incorporated and licensed under the laws of the Province to carry on a mutual insurance business in the Province;(conseil)
“member” means a person holding a contract of insurance issued by a provincial mutual insurance company.(membre)
1968, c.6, s.301; 1985, c.52, s.1; 1986, c.47, s.1