Mutual Property and Casualty Insurance Company with Non-mutual Policyholders Conversion Regulations (SOR/2015-168)

Marginal note:Application for initial court order

• 7 (1) Not less than 30 days and not more than 45 days after the day on which a notice is sent under subsection 6(2), the converting company must file with the court an application for an initial order.

• Marginal note:Content of initial order

  (2) Within 60 days after the filing of the application, the court must make an initial order setting out

  • (a) any information and documents that the converting company must publish on its website in addition to those required by these Regulations;

  • (b) the procedures for making applications or filing submissions for the purpose of subsections 8(1) and (5) and 9(1), (3) and (5);

  • (c) the manner of effecting service for the purpose of subsections 8(3) and 9(3);

  • (d) the date, time and location of the hearings referred to in subsections 8(6) and 9(6); and

  • (e) the procedures for submitting costs and expenses to the court for the purpose of section 11.

• Marginal note:Subsequent orders

  (3) The court may make any subsequent order that it considers necessary to ensure the efficiency, transparency and fairness of the negotiations referred to in section 12.

• Marginal note:Publication on website

  (4) A converting company must publish on its website all orders made by the court for the purpose of these Regulations.