465.1. Municipalities may file with the Minister of Municipal Affairs a joint application for the incorporation of a corporation the object of which is to transact damage insurance business exclusively for the municipalities that are members thereof and their mandatary bodies within the meaning of section 18 of the Act respecting the Pension Plan of Elected Municipal Officers (chapter R-9.3).
For the purposes of this subdivision, the word “municipality” means any municipality, by whatever law governed, including the city of Montréal and the city of Québec.