Marginal note:2001, c. 9, s. 343(1)

• 213. (1) The portion of subsection 17(1) of the Green Shield Canada Act before paragraph (b) is replaced by the following:

  Marginal note:Application of the Insurance Companies Act

  • 17. (1) Subject to any other provision of this Act, the following provisions of the Insurance Companies Act as they read on the coming into force of An Act to amend certain Acts in relation to financial institutions as enacted during the first session of the thirty-eighth Parliament, together with any regulations made under or for the purposes of those provisions, apply to the Association with such modifications as the circumstances require:

    • (a) sections 2 and 3 to 11 of Part I;

• Marginal note:2001, c. 9, s. 343(2)

  (2) Paragraph 17(1)(e) of the Act is replaced by the following:

  • (e) sections 160 to 162, paragraphs 165(2)(a) to (d), (h) and (i), sections 166 and 167, subsection 168(1), sections 170 to 172, subsections 174(1) and (3) to (6), 174(7) (excepting therefrom the reference to subsection 173(4)) and 175(1) and (4), sections 177 and 189 to 194, subsection 195(1), sections 196, 202 and 203, subsections 204(1) and (2), paragraphs 204(3)(a) to (c), subsections 204(4) to (6), sections 205 and 206, paragraphs 207(a) to (c), (h) and (i), sections 208 to 215, paragraphs 216(2)(d) and (e), subsections 217(1) and (2), paragraphs 217(3)(a) and (c), sections 218 to 223, 244, 254 to 256 and 260, subsections 261(1) and (2) and 262(1) to (6), sections 266 to 268, paragraphs 269(a) and (b), sections 270, 278, 279 and 330, paragraphs 331(1)(a) and (b) to (e), subsection 331(2), paragraphs 331(3)(b) and (c), subsections 331(4) and (6), sections 332 to 357 and 359.1 to 380, paragraph 381(1)(a), subsection 381(2) and sections 382 to 406 of Part VI;

• Marginal note:2001, c. 9, s. 343(4)

  (3) Paragraph 17(1)(i) of the Act is replaced by the following:

  • (i) Part XI, except sections 528.1 to 528.3, and Parts XV, XVI and XVIII to XX.

• 214. (1) The definitions “form of proxy” and “proxy” in subsection 2(1) of the Insurance Companies Act are replaced by the following:

  “form of proxy”

  « formulaire de procuration »

  “form of proxy” means a form of proxy as defined in the regulations;

  “proxy”

  « procuration »

  “proxy” means a proxy as defined in the regulations;

• (2) Subsection 2(1) of the Act is amended by adding the following in alphabetical order:

  “adjustable policy”

  « police ajustable »

  “adjustable policy” means an adjustable policy as defined in the regulations;

  “going-private transaction”

  « transaction de fermeture »

  “going-private transaction” means a going-private transaction as defined in the regulations;

  “minor”

  « mineur »

  “minor” has the same meaning as in the applicable provincial law and in the absence of any such law has the same meaning as the word “child” in the United Nations Convention on the Rights of the Child adopted in the United Nations General Assembly on November 20, 1989;

  “squeeze-out transaction”

  « transaction d’éviction »

  “squeeze-out transaction” means a transaction by a company that is not a distributing company, or an insurance holding company that is not a distributing insurance holding company, that requires an amendment to a by-law referred to in subsection 238(1) or 851(1), as the case may be, and that would directly or indirectly result in the interest of a holder of shares of a class of shares being terminated without their consent and without substituting an interest of equivalent value in shares that are issued by the following persons and have rights and privileges equal to or greater than those of the shares of the affected class:

  • (a) in the case of a company, the company, and

  • (b) in the case of an insurance holding company, the insurance holding company;

• (3) Subsection 2(1) of the French version of the Act is amended by adding the following in alphabetical order:

  « société de portefeuille d’assurances n’ayant pas fait appel au public »

  Marginal note:French version only

  société de portefeuille d’assurances n’ayant pas fait appel au public S’entend d’une société de portefeuille d’assurances autre qu’une société de portefeuille d’assurances ayant fait appel au public.

  « société n’ayant pas fait appel au public »

  Marginal note:French version only

  société n’ayant pas fait appel au public S’entend d’une société autre qu’une société ayant fait appel au public.