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If a Dealer Member has less coverage than the calculated minimum insurance requirement coverage and the deficiency:
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is less than 10% of the minimum insurance requirement, the Dealer Member must correct the deficiency within two months of the filing date of the monthly financial report within which the deficiency was reported, or
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is 10% or more of the insurance requirement, the Dealer Member must promptly notify IIROC and correct the deficiency within 10 days of identifying it.
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There is no history log for this rule.
There is no history log for this rule.