Acts and Regulations

I-12 - Insurance Act

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Effect of payment to representative
2021, c.8, s.74
361Despite any condition or stipulation to the contrary, payments in cash, in whole or in part, to a representative of an insurer of the amount of a premium or assessment due in respect of a contract of insurance, other than life insurance, issued by the insurance insurer is a payment to the insurer.
1968, c.6, s.358; 2021, c.8, s.75
Payment to insurer
361Despite any condition or stipulation to the contrary, payments in cash, in whole or in part, to a representative of an insurer of the amount of a premium or assessment due in respect of a contract of insurance, other than life insurance, issued by the insurance insurer is a payment to the insurer.
1968, c.6, s.358; 2021, c.8, s.75
Payment to insurer
361Payments in cash in whole or in part to an agent of an insurer of the amount of a premium or assessment due in respect of a contract issued by such insurer, shall be deemed a payment to the insurer, notwithstanding any condition or stipulation to the contrary; but this provision does not apply to life insurance.
1968, c.6, s.358