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A-32 - Act respecting insurance

Section 37
Disposition versions

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37. Any insurance company constituted by a special Act and subject to Part IA or Part II of the Companies Act (chapter C‐38) may apply to the Authority for authorization to file articles of amendment for the following purposes:
(1)  to replace the provisions of its charter by corresponding provisions of this Act;
(2)  to replace the provisions of its charter by provisions of the Business Corporations Act (chapter S‐31.1), to the extent that those provisions are not contrary to the provisions of this Act;
(3)  to strike from its charter any provision for which there is no corresponding provision in this Act or in the Business Corporations Act.
The articles of amendment must indicate the classes of insurance that the company is authorized to transact.
1974, c. 70, s. 37; 1982, c. 52, s. 63; 1984, c. 22, s. 13; 1999, c. 40, s. 33; 2002, c. 70, s. 19; 2004, c. 37, s. 90; 2008, c. 7, s. 21; 2009, c. 52, s. 524.
37. Any insurance company constituted by a special Act and subject to Part IA or Part II of the Companies Act (chapter C‐38) may apply to the Authority for authorization to file articles of amendment for the following purposes:
(1)  to replace the provisions of its charter by corresponding provisions of this Act;
(2)  to replace the provisions of its charter by provisions of Part IA of the Companies Act, to the extent that those provisions are not contrary to the provisions of this Act;
(3)  to strike from its charter any provision for which there is no corresponding provision in this Act or in Part IA of the Companies Act.
The articles of amendment must indicate the classes of insurance that the company is authorized to transact.
1974, c. 70, s. 37; 1982, c. 52, s. 63; 1984, c. 22, s. 13; 1999, c. 40, s. 33; 2002, c. 70, s. 19; 2004, c. 37, s. 90; 2008, c. 7, s. 21.
37. Any insurance company constituted by a special Act and subject to Part IA or Part II of the Companies Act (chapter C‐38) may apply to the Minister for authorization to file articles of amendment for the following purposes:
(1)  to replace the provisions of its charter by corresponding provisions of this Act;
(2)  to replace the provisions of its charter by provisions of Part IA of the Companies Act, to the extent that those provisions are not contrary to the provisions of this Act;
(3)  to strike from its charter any provision for which there is no corresponding provision in this Act or in Part IA of the Companies Act.
The articles of amendment must indicate the classes of insurance that the company is authorized to transact.
The Minister shall obtain the opinion of the Authority before giving authorization.
1974, c. 70, s. 37; 1982, c. 52, s. 63; 1984, c. 22, s. 13; 1999, c. 40, s. 33; 2002, c. 70, s. 19; 2004, c. 37, s. 90.
37. Any insurance company constituted by a special Act and subject to Part IA or Part II of the Companies Act (chapter C‐38) may apply to the Minister for authorization to file articles of amendment for the following purposes:
(1)  to replace the provisions of its charter by corresponding provisions of this Act;
(2)  to replace the provisions of its charter by provisions of Part IA of the Companies Act, to the extent that those provisions are not contrary to the provisions of this Act;
(3)  to strike from its charter any provision for which there is no corresponding provision in this Act or in Part IA of the Companies Act.
The articles of amendment must indicate the classes of insurance that the company is authorized to transact.
The Minister shall obtain the opinion of the Agency before giving authorization.
1974, c. 70, s. 37; 1982, c. 52, s. 63; 1984, c. 22, s. 13; 1999, c. 40, s. 33; 2002, c. 70, s. 19.
37. The Minister may authorize the Inspector General to issue letters patent to any insurance company constituted by a special Act of Québec and which applies therefor:
(a)  to replace the provisions of its charter by the corresponding provisions of this act or, to the extent that they are not contrary to the provisions of this act, by those of Part II of the Companies Act (chapter C‐38);
(b)  to strike from its charter any provision for which there is no corresponding provision in this act or in Part II of the Companies Act.
Such amendments by letters patent shall have the same effect as if made by an act.
1974, c. 70, s. 37; 1982, c. 52, s. 63; 1984, c. 22, s. 13; 1999, c. 40, s. 33.
37. The Minister may authorize the Inspector General to issue letters patent to any insurance company incorporated by a special Act of Québec and which applies therefor:
(a)  to replace the provisions of its charter by the corresponding provisions of this act or, to the extent that they are not contrary to the provisions of this act, by those of Part II of the Companies Act (chapter C-38);
(b)  to strike from its charter any provision for which there is no corresponding provision in this act or in Part II of the Companies Act.
Such amendments by letters patent shall have the same effect as if made by an act.
1974, c. 70, s. 37; 1982, c. 52, s. 63; 1984, c. 22, s. 13.
37. The Government, on the recommendation of the Minister, may authorize the Inspector General to issue letters patent to any insurance company incorporated by a special act of Québec applying therefor by application:
(a)  to replace the provisions of its charter by the corresponding provisions of this act or, to the extent that they are not contrary to the provisions of this act, by those of Part II of the Companies Act (chapter C-38);
(b)  to strike from its charter any provision for which there is no corresponding provision in this act or in Part II of the Companies Act.
Such amendments by letters patent shall have the same effect as if made by an act.
1974, c. 70, s. 37; 1982, c. 52, s. 63.
37. The Government may authorize the Minister to issue letters patent to any insurance company incorporated by a special act of Québec applying therefor by application:
(a)  to replace the provisions of its charter by the corresponding provisions of this act or, to the extent that they are not contrary to the provisions of this act, by those of Part II of the Companies Act;
(b)  to strike from its charter any provision for which there is no corresponding provision in this act or in Part II of the Companies Act.
Such amendments by letters patent shall have the same effect as if made by an act.
1974, c. 70, s. 37.
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