Acts and Regulations

I-12 - Insurance Act

Full text
Licences to partnerships
Repealed: 2021, c.8, s.68
2021, c.8, s.68
359Repealed: 2021, c.8, s.69
1968, c.6, s.356; 1976, c.34, s.7; 2008, c.11, s.14; 2013, c.31, s.20; 2017, c.48, s.9; 2021, c.8, s.69
Licences to partnerships
359(1)Except as otherwise provided in this section, the Superintendent may issue licences as agents, brokers, adjusters or damage appraisers to partnerships on the conditions specified in this Act for the issue of those licences to individuals.
359(2)Each member of the partnership shall file the statement or application and pay the fee required by this Act, including a written request that the licence be issued in the name of the partnership.
359(2.1)The Superintendent may revoke or suspend a licence issued under subsection (1) as to the partnership or as to any member of the partnership.
359(2.2)A decision of the Superintendent to revoke or suspend a licence under subsection (2.1) may be appealed to the Tribunal within 30 days after the date of the decision.
359(2.3)Despite subsection (2.2), the Tribunal may extend the period for appealing a decision, before or after the expiration of the time, if it is satisfied that there are reasonable grounds for an extension.
359(3)If the partnership is terminated prior to the expiration of the licence, the partners shall forthwith give notice to the Superintendent, who shall thereupon revoke the licence.
359(4)If a partnership licensed under this section commits an offence under this Act or the regulations, any member of the partnership may be charged with, convicted of and sentenced for that offence.
1968, c.6, s.356; 1976, c.34, s.7; 2008, c.11, s.14; 2013, c.31, s.20; 2017, c.48, s.9
Licences to partnerships
359(1)Except as otherwise provided in this section, the Superintendent may issue licences as agents, brokers, adjusters or damage appraisers to partnerships on the conditions specified in this Act for the issue of those licences to individuals.
359(2)Each member of the partnership shall file the statement or application and pay the fee required by this Act, including a written request that the licence be issued in the name of the partnership.
359(2.1)The Superintendent may revoke or suspend a licence issued under subsection (1) as to the partnership or as to any member of the partnership.
359(2.2)A decision of the Superintendent to revoke or suspend a licence under subsection (2.1) may be appealed to the Tribunal.
359(3)If the partnership is terminated prior to the expiration of the licence, the partners shall forthwith give notice to the Superintendent, who shall thereupon revoke the licence.
359(4)If a partnership licensed under this section commits an offence under this Act or the regulations, any member of the partnership may be charged with, convicted of and sentenced for that offence.
1968, c.6, s.356; 1976, c.34, s.7; 2008, c.11, s.14; 2013, c.31, s.20
Licences to partnerships
359(1)Licences as agents, brokers, adjusters or damage appraisers may be issued to partnerships on the conditions hereinbefore specified for the issue of such licences to individuals except as otherwise provided in this section.
359(2)Each member of the partnership shall file the statement or application and pay the fee required by this Act, including a written request that the licence be issued in the name of the partnership; the licence may be revoked or suspended as to one or more members of the partnership.
359(3)If the partnership is terminated prior to the expiration of the licence, the partners shall forthwith give notice to the Superintendent, who shall thereupon revoke the licence.
359(4)If a partnership licensed under this section commits an offence under this Act or the regulations, any member of the partnership may be charged with, convicted of and sentenced for that offence.
1968, c.6, s.356; 1976, c.34, s.7; 2008, c.11, s.14
Licences to partnerships
359(1)Licences as agents, brokers, adjusters or damage appraisers may be issued to partnerships on the conditions hereinbefore specified for the issue of such licences to individuals except as otherwise provided in this section.
359(2)Each member of the partnership shall file the statement or application and pay the fee required by this Act, including a written request that the licence be issued in the name of the partnership; the licence may be revoked or suspended as to one or more members of the partnership.
359(3)If the partnership is terminated prior to the expiration of the licence, the partners shall forthwith give notice to the Superintendent, who shall thereupon revoke the licence.
359(4)Any member of a partnership licensed under this section who contravenes any of the provisions of this Act is guilty of an offence.
1968, c.6, s.356; 1976, c.34, s.7