Marginal note:SOR/2006-157

• 334. (1) The definitions “fire insurance” and “loss of employment insurance” in the schedule to the Act are repealed.

• Marginal note:SOR/2006-157

  (2) The definition maritimes et fluviales in the schedule to the French version of the Act is repealed.

• Marginal note:SOR/2006-157

  (3) Subparagraph (b)(iii) of the definition “life insurance” in the schedule to the Act is replaced by the following:

  • (iii) undertakes to provide an annuity — or what would be an annuity except that the periodic payments may be unequal in amount — for a term dependent solely or partly on the life of a person.

• (4) The schedule to the French version of the Act is amended by adding the following in alphabetical order:

  « maritime »

  “marine insurance”

  maritime Assurance de responsabilité pour blessures corporelles ou décès d’une personne ou pour perte ou dommage matériels, survenant soit au cours d’un voyage ou d’une expédition en mer ou sur une voie d’eau intérieure, soit à l’occasion d’un retard dans le cadre d’un tel voyage ou d’une telle expédition ou au cours d’un transport connexe qui ne se fait pas sur l’eau, ou assurance contre toute perte ou dommage matériels subis dans l’un ou l’autre de ces cas.

335. The Act is amended by replacing the expression “one billion dollars” with the expression “two billion dollars” in the following provisions:

• (a) subsection 411(2);

• (b) subsection 416(1);

• (c) subsection 938(2); and

• (d) subsection 943(1).

336. The French version of the Act is amended by replacing the expression “qui exerce une” with the expression “dont l’activité commerciale comporte une” in the following provisions:

• (a) paragraphs 495(6)(b) and (c);

• (b) paragraph 554(4)(b); and

• (c) paragraphs 971(4)(b) and (c).

337. Section 9 of the Trust and Loan Companies Act is amended by adding the following after subsection (4):