6 42 Legislation
Report of the Superintendent of Insurance of the Dominion of Canada © 1896
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REPORT OF THE SUPERINTENDENT. 39
LEGISLATION.
1.-DOMINION LEGISLATION.
The following Acts were passed by the Dominion Parliament at the Session of
1897, 60-61 Victoria:-
(1.) An Act to incorporate the Royal Victoria Life Insurance Company.
(2.) An Act to incorporate the National Life Assurance Company of Canada.
(3.) An Act respecting the North American Life Assurance Company.
(4.) An Act respecting the Sun Life Assurance Company of Canada.
(3.) An Act respecting the Ontario Accident Insurance Company.
(6.) An Act to incorporate La Mutuelle Gkt rale Canadienne.
(7.) An Act respecting the Canadian Fire Insurance Company.
(S.) An Act to incorporate the Methodist Trust Fire Insurance Company.
No. (1) contains the usual provisions of a life company’s charter. The head office
of the company will be in Montreal. No. (2) also contains the customary provisions of
a life company’s charter, the head office to be in the city of Toronto. No. (3) increases
the powers of the North American Life, particularly as to the investment of its funds.
No. (4) enlarges the powers of investment of the Sun Life and makes provision for the
holding of real estate in the various provinces of the Dominion. No. (5) confers on the
Ontario Accident the power to combine sickness insurance with its accident business.
No. (6) contains the usual provisions of an accident company’s charter, and confers the
power to insure against accidents to individuals or property. No. (7) relates to a company which was incorporated by Act of the Legislature of the Province of Manitoba in 1887,
which was incorporated by Act of the Legislature of the Province of Manitoba in 1887,
and which has now obtained incorporation by the Dominion. The head office is in the
city of Winnipeg. No. (8) contains the usual provisions of a fire insurance company’s
charter. The head office of the company will be in the city of Toronto.
2.-PROVINCIAL LEGISLATION.
At the last session of the Legislature of the province of Ontario all the Acts of
that province relating to insurance were consolidated. In the other provinces of the
Dominion as well as in Ontario statutes relating to insurance have from time to time
been passed. So much of the principal provincial enactments as relate to companies
licensed by the Dominion have been published from year to year in the reports issued
from this office, but being distributed through several reports they have been found less
useful for reference than they would be if contained in a single volume, and an attempt
has, therefore, been made to collect all such enactments in the present report. In the
appendix following the tables will be found the chief statutory enactments of the various
provinces affecting or purporting to affect amongst others, companies holding Dominion
licenses, their contracts, obligations and rights. Concerning the subjects dealt with the
intention has been to give full and accurate copies of all such provincial enactments
above indicated, down to and including those passed in 1897, as stand at the present
time unrepealed, and whilst it is believed that those appended are substantially complete
and accurate, it is still possible that some may have been omitted and that alterations
or amendments have been overlooked. Whatever may be its imperfections the com-
pilation will doubtless be found sufficiently full to be of material service to those inter- ested therein.
- ested therein.
I have the honour to be, sir,
Your obedient servant,
W. FITZGERALD,
Superintendent of Insurance.
