S-1001 — An Act to authorize Gore Mutual Insurance Company to apply to be continued as a body corporate under the laws of the Province of Quebec
Bill S-1001 · Legislation · 10/28/2026, 5:47:19 AM
Bill summary
Based on the official bill text (Royal assent) — Parliament of Canada (LEGISinfo/DocumentViewer)
What the Act does
- Authorizes Gore Mutual Insurance Company to apply to continue as a corporation under Quebec law, despite subsection 39(5) of the federal Insurance Companies Act. It does not itself complete that continuation.
- The preamble says there is no general legislative provision authorizing a federally incorporated insurance company to apply for continuation under provincial law.
Effect of continuation
- If the company is continued under Quebec law, it will cease to be governed by the federal Insurance Companies Act on the day of continuation.
- Three federal special Acts concerning the company, enacted in 1937, 1944–45 and 1959, will be repealed on that day.
Who is affected and timing
- The Act concerns Gore Mutual Insurance Company, whose principal place of business is in Cambridge, Ontario. Its eligible voting policyholders approved the application and petition to Parliament by a two-thirds majority.
- The Act received royal assent on November 20, 2025. The provided text sets no deadline for the application or continuation and specifies no costs.
Discourse summary
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