35.1.The Business Corporations Act (chapter S-31.1), except Chapter X, Division II of Chapter XII and Chapters XIII, XIV, XVI and XVII, applies, subject to this Act and with the necessary modifications, to any insurance company constituted on or after 14 February 2011 or continued, converted or amalgamated on or after that date.
35.1.Part IA of the Companies Act (chapter C‐38) applies, subject to the provisions of this Act and with the necessary modifications, to any insurance company constituted after 11 February 2003 or continued, converted or amalgamated after that date.