Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada


Insurance Companies Act

Version of section 935 from 2003-01-01 to 2012-12-13:

Marginal note:Exception for small holdings

 Despite section 934, if, as a result of a transfer or issue of shares of a class of shares of an insurance holding company to a person, the total number of shares of that class registered in the securities register of the insurance holding company in the name of that person

  • (a) would not exceed five thousand, and

  • (b) would not exceed 0.1 per cent of the outstanding shares of that class,

the insurance holding company is entitled to assume that no person is acquiring or increasing a significant interest in that class of shares of the insurance holding company as a result of that issue or transfer of shares.

  • 2001, c. 9, s. 465
Date modified: