44. For the purposes of section 33.2.1 of the Act respecting insurance (chapter A-32), the activities of a trust company that an insurance company holding a licence issued under the Act is authorized to carry on are
(1) acting as trustee for any retirement plan, retirement savings plan, education savings plan, disability savings plan or any other plan, fund or mechanism of the same nature administered by the insurance company and registered under the Taxation Act (chapter I-3) or the Income Tax Act (R.S.C. 1985, c. 1 (5th Suppl.));
(2) acting as trustee of an investment fund within the meaning of the Securities Act (chapter V-1.1) administered by the insurance company; and
(3) the activities that a trust company may carry on under the Act respecting trust companies and savings companies (chapter S-29.01) in respect of the annuity contracts administered by the insurance company and the insured amounts kept by it for the benefit of others.