A-32.1 - Insurers Act

Full text
149. A notice of intention to amalgamate must include
(1)  the name and address of each of the legal persons proposing to amalgamate;
(2)  the proposed name of the legal person resulting from the amalgamation;
(3)  the juridical form of the legal person resulting from the amalgamation;
(4)  the classes of activities carried on by all the authorized insurers proposing to amalgamate;
(5)  a statement specifying that the legal person resulting from the amalgamation will carry on activities in the same classes as the authorized insurers proposing to amalgamate or specifying the classes of activities for which the legal person resulting from the amalgamation intends to apply for the Authority’s authorization or those for which it intends to apply to have the authorization revoked;
(6)  the location of the proposed head office of the legal person resulting from the amalgamation; and
(7)  any other information required by the Authority.
A document including the same information as that required to be included in an initial application for authorization and the documents that must be filed with such an application must be filed with the notice of intention to amalgamate for the legal person resulting from the amalgamation.
In the case of an amalgamation involving more than one authorized insurer, a joint notice may be filed.
2018, c. 23, s. 32018, c. 23, s. 3.
In force: 2019-06-13
149. A notice of intention to amalgamate must include
(1)  the name and address of each of the legal persons proposing to amalgamate;
(2)  the proposed name of the legal person resulting from the amalgamation;
(3)  the juridical form of the legal person resulting from the amalgamation;
(4)  the classes of activities carried on by all the authorized insurers proposing to amalgamate;
(5)  a statement specifying that the legal person resulting from the amalgamation will carry on activities in the same classes as the authorized insurers proposing to amalgamate or specifying the classes of activities for which the legal person resulting from the amalgamation intends to apply for the Authority’s authorization or those for which it intends to apply to have the authorization revoked;
(6)  the location of the proposed head office of the legal person resulting from the amalgamation; and
(7)  any other information required by the Authority.
A document including the same information as that required to be included in an initial application for authorization and the documents that must be filed with such an application must be filed with the notice of intention to amalgamate for the legal person resulting from the amalgamation.
In the case of an amalgamation involving more than one authorized insurer, a joint notice may be filed.
2018, c. 23, s. 32018, c. 23, s. 3.