Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
366 Directors' and officers' insurance
for the benefit of any person referred to in section 365 against any
liability incurred by the person
(a) in the capacity of a director or an officer of the company,
except where the liability relates to a failure to act honestly
and in good faith with a view to the best interests of the
company, or
(b) in the capacity of a director or an officer of another entity
where the person acts or acted in that capacity at the
company's request, except where the liability relates to a
failure to act honestly and in good faith with a view to the
best interests of the entity.
1999 cI-5.1 s366