This is an official version.

Copyright 2000: Queen’s Printer,
St. John's, Newfoundland, Canada

Important Information
(Includes details about the availability of printed and electronic versions of the Statutes.)

Statutes of Newfoundland 1992


CHAPTER 12

CHAPTER 13

AN ACT TO AMEND THE INSURANCE
ADJUSTERS, AGENTS AND BROKERS ACT

(Assented to June 11, 1992)

Analysis

1. S.45(4) R&S
Offence

Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:


RSN 1990 cI-9

1. Subsection 45(4) of the Insurance Adjusters, Agents and Brokers Act is repealed and the following substituted:

(4) Where

(a) a director or officer of a body corporate acting as an adjustment company, agent or broker; or

(b) a partner of a partnership acting as an adjustment company, agent or broker,

is individually licensed as an adjuster or representative, that director, officer or partner is jointly and individually liable with the partnership or body corporate for damages to 3rd parties arising from the negotiations of insurance contracts or the settlement of insurance claims for which the body corporate or partnership is liable as a result of the acts of a person through whom the body corporate or partnership acts.

©Earl G. Tucker, Queen's Printer