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Insurance Companies Act ( 1991, c. 47 )
Disclaimer: These documents are not the official versions (more).
Act current to October 30th, 2007
Attention: See coming into force provision and notes, where applicable.
 
Table of contents
  1. Insurance Companies Act
    1. SHORT TITLE
    2. PART I : INTERPRETATION AND APPLICATION
      1. Definitions
      2. Interpretation
      3. Application
    4. PART II : STATUS AND POWERS
    5. PART III : INCORPORATION, CONTINUANCE AND DISCONTINUANCE
      1. Formalities of Incorporation
      2. Continuance
      3. Discontinuance
      4. Corporate Name
    7. PART IV : ORGANIZATION AND COMMENCEMENT
      1. Organization Meetings
      2. Commencement and Carrying on of Business
    9. PART V : CAPITAL STRUCTURE
      1. Share Capital
      2. Restrictions Specific to Shares of Mutual Companies
      3. Subordinated Indebtedness
      4. Security Certificates and Transfers
    11. PART VI : CORPORATE GOVERNANCE
      1. Division I : Shareholders and Policyholders
      2. Division I.1 : Proxies
      3. Division I.2 : Restrictions on Voting
      4. Division II : Directors and Officers
      5. Division III : Fundamental Changes
      6. Division IV : Head Office and Corporate Records
      7. Division V : Securities Registers
      8. Division VI : Corporate Name and Seal
      9. Division VII :
      10. Division VIII : Insiders
      11. Division IX : Prospectus
      12. Division IX.1 : Going-private Transactions and Squeeze-out Transactions
      13. Division X : Compulsory Acquisitions
      14. Division XI : Trust Indentures
      15. Division XII : Financial Statements
      16. Division XIII : Auditors
      17. Division XIV : Actuaries
      18. Division XV : Remedial Actions
      19. Division XVI : Liquidation and Dissolution
    13. PART VII : OWNERSHIP
      1. Division I : Interpretation
      2. Division II : Constraints on Ownership
      3. Division III : Directions
    15. PART VIII : BUSINESS AND POWERS
      1. General
      2. Classes of Insurance
      3. Segregated Funds
      4. Participating Policies
      5. Reinsurance
      6. Restrictions
      7. Restrictions Specific to Life Companies
      8. Restrictions Specific to Property and Casualty Companies and Marine Companies
      9. Borrowing Costs
      10. Complaints
      11. Miscellaneous
    17. PART IX : INVESTMENTS
      1. Definitions and Application
      2. General Constraints on Investments
      3. Subsidiaries and Equity Investments
      4. Exceptions and Exclusions
      5. Portfolio Limits
      6. Commercial Lending by Life Companies
      7. Consumer and Commercial Lending by Property and Casualty Companies and Marine Companies
      8. Real Property
      9. Equities
      10. Aggregate Limit
      11. Miscellaneous
    19. PART X : ADEQUACY OF CAPITAL AND LIQUIDITY AND ASSETS
    20. PART XI : SELF-DEALING
      1. Interpretation and Application
      2. Prohibited Related Party Transactions
      3. Permitted Related Party Transactions
      4. Restrictions on Permitted Transactions
      5. Disclosure
      6. Remedial Actions
    22. PART XII : FRATERNAL BENEFIT SOCIETIES
      1. Interpretation
      2. Powers
      3. Corporate Governance
      4. Investments
      5. Liquidation and Dissolution of a Society
    24. PART XIII : FOREIGN COMPANIES
      1. Interpretation
      2. Application
      3. Insurance of Risks
      4. Classes of Insurance
      5. Segregated Funds
      6. Reinsurance
      7. Borrowing Costs
      8. Complaints
      9. Miscellaneous
      10. Adequacy of Capital or Assets
      11. Investments
      12. Self-dealing
      13. Actuaries
      14. Auditors
      15. Records
      16. Termination of Insurance Business in Canada
    26. PART XIV : PROVINCIAL COMPANIES
      1. Application
      2. Order to Commence and Carry on Business
      3. Duties of Directors
      4. Corporate Records
    28. PART XV : REGULATION OF COMPANIES, SOCIETIES, FOREIGN COMPANIES AND PROVINCIAL COMPANIES — SUPERINTENDENT
      1. Interpretation
      2. Supervision
      3. Remedial Powers
    30. PART XVI : REGULATION OF COMPANIES AND FOREIGN COMPANIES — COMMISSIONER
    31. PART XVII : INSURANCE HOLDING COMPANIES
      1. Purpose
      2. Division 1 : Interpretation
      3. Division 2 : Status and Powers
      4. Division 3 : Incorporation, Continuance and Discontinuance
      5. Division 4 : Organization and Commencement
      6. Division 5 : Capital Structure
      7. Division 6 : Corporate Governance
      8. Division 7 : Ownership
      9. Division 8 : Business and Powers
      10. Division 9 : Investments
      11. Division 10 : Adequacy of Capital and Liquidity
      12. Division 11 : Regulation of Insurance Holding Companies
    33. PART XVIII : ADMINISTRATION
      1. Notices and Other Documents
      2. Approvals
      3. Orders and Directives
      4. Applications to Superintendent
      5. Applications for Certain Approvals
      6. Appeals
      7. Regulations
      8. Delegation
    35. PART XIX : SANCTIONS
    36. SCHEDULE : CLASSES OF INSURANCE

Related Information
  1. Amendments not in Force

Related Regulations
  1. Affiliated Persons (Insurance Companies) Regulations
  2. Aggregate Financial Exposure (Insurance Companies) Regulations
  3. Ancillary Activities (Insurance Companies, Canadian Societies and Insurance Holding Companies) Regulations
  4. Assets (Foreign Companies) Regulations
  5. Civil Remedies (Insurance Companies and Insurance Holding Companies) Regulations
  6. Commercial Loan (Insurance Companies, Societies and Insurance Holding Companies) Regulations
  7. Complaint Information (Canadian Insurance Companies) Regulations
  8. Complaint Information (Foreign Insurance Companies) Regulations
  9. Converted Company Ownership Regulations
  10. Cost of Borrowing (Foreign Insurance Companies) Regulations
  11. Cost of Borrowinig (Canadian Insurance Companies) Regulations
  12. Credit Information (Insurance Companies) Regulations
  13. Distributing Company and Distributing Insurance Holding Company Regulations
  14. Entity Member of Group Regulations
  15. Equity of an Insurance Company or Insurance Holding Company Regulations
  16. Exemption from Approval for Certain Investments in Intragroup Service Entities (Life Companies and Insurance Holding Companies) Regulations
  17. Exemption from Restrictions on Investments (Insurance Companies, Insurance Holding Companies and Societies) Regulations
  18. Factoring Entity Regulations
  19. Finance Entity Regulations
  20. Financial Leasing Entity Regulations
  21. Foreign Companies Prescribed Transactions Regulations
  22. Foreign Institutions Subject to the Canadian Residency Requirements Regulations (Insurance Companies)
  23. Going-Private Transaction (Insurance Companies and Insurance Holding Companies) Regulations
  24. Guidelines Respecting Control in Fact for the Purpose of Subsection 407.2(1) of the Insurance Companies Act
  25. Information Technology Activities (Canadian Societies) Regulations
  26. Information Technology Activities (Insurance Holding Companies) Regulations
  27. Information Technology Activities (Life Companies) Regulations
  28. Information Technology Activities (Property and Casualty Companies) Regulations
  29. Insider Reports (Insurance Companies and Insurance Holding Companies) Regulations
  30. Insurance Companies Assessed Expenses Recovery Regulations
  31. Investment Limits (Canadian Societies) Regulations
  32. Investment Limits (Insurance Companies) Regulations
  33. Investment Limits (Insurance Holding Companies) Regulations
  34. Investments (Foreign Companies) Regulations
  35. Life Companies Borrowing Regulations
  36. Meeting and Proposals (Insurance Companies and Insurance Holding Companies) Regulations
  37. Minority Investment (Insurance Companies) Regulations
  38. Minority Investment (Insurance Holding Companies) Regulations
  39. Mutual Company (Life Insurance) Conversion Regulations
  40. Name Use in Securities-related Transactions (Insurance Companies and Insurance Holding Companies) Regulations
  41. Property and Casualty Companies Borrowing Regulations
  42. Prospectus (Insurance Companies and Insurance Holding Companies) Regulations [Repealed]
  43. Prospectus (Insurance Companies and Insurance Holding Companies) Regulations
  44. Prospectus Exemptions (Insurance Companies) Regulations [Repealed]
  45. Prospectus Exemptions (Insurance Holding Companies) Regulations [Repealed]
  46. Protection of Assets (Fraternal Benefit Societies) Regulations
  47. Protection of Assets (Insurance Companies) Regulations
  48. Public Accountability Statements (Banks, Insurance Companies, Trust and Loan Companies) Regulations
  49. Regulations Prescribing Alternative Means of Publication (Foreign Companies)
  50. Regulatory Capital (Insurance Companies) Regulations
  51. Regulatory Capital (Insurance Holding Companies) Regulations
  52. Reinsurance (Canadian Companies) Regulations
  53. Reinsurance (Foreign Companies) Regulations
  54. Related Party Transactions (Insurance Companies) Regulations
  55. Resident Canadian (Insurance Companies) Regulations
  56. Rules Governing Proceedings at Public Inquiries into Objections (Insurance Companies)
  57. Securities Dealing Restrictions (Insurance Companies) Regulations
  58. Security Certificate Transfer Fee (Banks, Bank Holding Companies, Insurance Companies and Insurance Holding Companies) Regulations
  59. Specialized Financing (Insurance Holding Companies) Regulations
  60. Specialized Financing (Life Companies) Regulations
  61. Subsidiaries Holding Company Shares Insurance Companies) Regulations
  62. Subsidiaries that Hold Insurance Holding Company Shares Regulations
  63. Supervisory Information (Insurance Companies) Regulations
  64. Supervisory Information (Insurance Holding Companies) Regulations
  65. Total Assets for Supervisability and Public Holding Requirements (Insurance Companies and Insurance Holding Companies) Regulations
  66. Vested Assets (Foreign Companies) Regulations

Last updated: 2007-11-02
Last updated: 2007-11-02
Last updated: 2007-11-02
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