Insurance Companies Act (S.C. 1991, c. 47)

Act current to 2013-05-20 and last amended on 2012-12-19. Previous Versions

Marginal note:Notice of issue of letters patent

29. The Superintendent shall cause to be published in the Canada Gazette a notice of the issuance of letters patent incorporating a company or society.

Marginal note:First directors

30. The first directors of a company or society are the directors named in the application for letters patent to incorporate the company or society.

Marginal note:Effect of letters patent

31. A company or society comes into existence on the date provided therefor in its letters patent.

Continuance

Marginal note:Federal corporations

  • 32. (1) A body corporate incorporated under the Canada Business Corporations Act or any other Act of Parliament, including an insurance holding company but not including a federal credit union, may apply to the Minister for letters patent continuing the body corporate as a company under this Act.

  • Marginal note:Other corporations

    (2) A body corporate incorporated otherwise than by or under an Act of Parliament may, if so authorized by the laws of the jurisdiction where it is incorporated, apply to the Minister for letters patent continuing the body corporate as a company under this Act.

  • Marginal note:Fraternal benefit societies

    (3) A fraternal benefit society incorporated otherwise than by or under an Act of Parliament may, if so authorized by the laws of the jurisdiction where it is incorporated, apply to the Minister for letters patent continuing the fraternal benefit society as a society.

  • 1991, c. 47, s. 32;
  • 1994, c. 24, s. 34(F);
  • 1997, c. 15, s. 170;
  • 2001, c. 9, s. 357;
  • 2010, c. 12, s. 2118.
Previous Version
Marginal note:Application for continuance

  • 33. (1) Where a body corporate applies for letters patent under subsection 32(1), (2) or (3), sections 23 to 27 apply in respect of the application, with such modifications as the circumstances require.

  • Marginal note:Special resolution approval

    (2) Where a body corporate applies for letters patent under subsection 32(1), (2) or (3), the application must be duly authorized by a special resolution.

  • Marginal note:Copy of special resolution

    (3) A copy of the special resolution referred to in subsection (2) shall be filed with the application.

  • 1991, c. 47, s. 33;
  • 1997, c. 15, s. 171.
Marginal note:Power to issue letters patent

  • 34. (1) On the application of a body corporate under subsection 32(1) or (2), the Minister may, subject to this Part, issue letters patent continuing the body corporate as a company under this Act.

  • Marginal note:Power to issue letters patent to fraternal benefit society

    (2) On the application of a fraternal benefit society under subsection 32(3), the Minister may, subject to this Part, issue letters patent continuing the fraternal benefit society as a society.

  • Marginal note:Issue of letters patent

    (3) Section 28 applies in respect of the issue of letters patent under subsection (1) or (2), with such modifications as the circumstances require.

  • 1991, c. 47, s. 34;
  • 1997, c. 15, s. 172.