1In this Act
“affiliated” has the same meaning as in section 1 of the Business Corporations Act;(affilié)
“associated corporation” means a corporation that is a member of an association;(corporation associée)
“association” means an association that has been in continuous existence for at least one year;(association)
“Minister” means the Minister of Justice and includes any person designated by the Minister to act on the Minister’s behalf;(Ministre)
“owner” means
(propriétaire)
(a)
a corporation which owns all of the issued voting shares of a special insurance company,
(b)
a group of affiliated corporations each of which owns issued voting shares of a special insurance company and which between them own all of the issued voting shares of the company,
(c)
a group of qualifying corporations each of which owns issued voting shares of a special insurance company and which between them own all of the issued voting shares of the company,
(d)
a group of associated corporations each of which owns issued voting shares of a special insurance company and which between them own all of the issued voting shares of the company,
(e)
an association which owns all of the issued voting shares of a special insurance company, and
(f)
any other owner defined by regulation;
“qualifying corporation” means a corporation that each year spends at least an amount prescribed by regulation on insurance premiums; (corporation admissible)
“risks of its owner” includes
(risques de son propriétaire)
(a)
in relation to any corporation, risks of affiliated corporations,
(b)
in relation to an association, risks of members of the association,
(c)
risks of other persons defined by regulation, and
(d)
in all cases, risks of the officers, directors, employees, agents and independent contractors of the owner or of a person mentioned in paragraphs (
a) to (
c), while acting on behalf that owner or person;
“special insurance company” means a company incorporated to insure the risks of its owner;(compagnie d’assurance spéciale)
“Superintendent” means the Superintendent of Insurance appointed under section 3 of the Insurance Act.(surintendant)
2006, c.16, s.171; 2012, c.39, s.139