A-32.1 - Insurers Act

Section 535 Disposition versions

2019-06-13

535. An insurance company within the meaning of the Act respecting insurance (chapter A-32), other than a mutual insurance company, becomes a business corporation regulated by Title III on 13 June 2019.

A mutual insurance company within the meaning of the Act respecting insurance becomes a mutual company regulated by Title III on that date. The same is true of a mutual insurance association within the meaning of the Act respecting insurance.

For the purposes of Title III, except Chapters XII to XV, and of the other provisions of this Act that refer to Title III, from 13 June 2019,

(1)  the following Québec insurers are deemed to be business corporations regulated by that Title:

(a)  Québec insurers to which a continuance certificate has been issued under section 200.0.16 of the Insurers Act;

(b)  L’Alpha compagnie d’assurance inc., whose Québec business number is 1145104445; and

(c)  La Capitale Civil Service Insurer Inc., whose Québec business number is 1141715509; and

(2)  L’Assurance mutuelle des fabriques de Québec, whose Québec business number is 1142783258, is deemed to be a mutual company regulated by that Title.

In case of conflict, the provisions of the Acts constituting the insurers referred to in the third paragraph prevail over the provisions of Title III and over the provisions of the Business Corporations Act (chapter S-31.1) applicable to those insurers under this Act. However, the provisions of those constituting Acts may not depart from the following provisions of that Title: Chapter VII, section 244, subdivision 3 of Division I of Chapter VIII and sections 266, 267, 269 to 273, 277 and 278.

2018, c. 23, s. 3.

Not in force

In force: 2019-06-13

535. An insurance company within the meaning of the Act respecting insurance (chapter A-32), other than a mutual insurance company, becomes a business corporation regulated by Title III on 13 June 2019.

A mutual insurance company within the meaning of the Act respecting insurance becomes a mutual company regulated by Title III on that date. The same is true of a mutual insurance association within the meaning of the Act respecting insurance.

For the purposes of Title III, except Chapters XII to XV, and of the other provisions of this Act that refer to Title III, from 13 June 2019,

(1)  the following Québec insurers are deemed to be business corporations regulated by that Title:

(a)  Québec insurers to which a continuance certificate has been issued under section 200.0.16 of the Insurers Act;

(b)  L’Alpha compagnie d’assurance inc., whose Québec business number is 1145104445; and

(c)  La Capitale Civil Service Insurer Inc., whose Québec business number is 1141715509; and

(2)  L’Assurance mutuelle des fabriques de Québec, whose Québec business number is 1142783258, is deemed to be a mutual company regulated by that Title.

In case of conflict, the provisions of the Acts constituting the insurers referred to in the third paragraph prevail over the provisions of Title III and over the provisions of the Business Corporations Act (chapter S-31.1) applicable to those insurers under this Act. However, the provisions of those constituting Acts may not depart from the following provisions of that Title: Chapter VII, section 244, subdivision 3 of Division I of Chapter VIII and sections 266, 267, 269 to 273, 277 and 278.

2018, c. 23, s. 3.