S-1001 · 45-1

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

Law (royal assent given)
Currently at: Law Introduced Jun 3. Reached Law on Nov 20.
Introduced
2025-06-03
Debated
2 mentions in Parliament
Sponsor
Tony Loffreda
Summary

This bill is a narrow, private piece of legislation dealing with a single company. Gore Mutual Insurance Company, currently a federally incorporated insurer governed by the federal Insurance Companies Act, wants to change its legal home so that it becomes a corporation governed by the laws of Quebec instead. Normally federal insurance law does not allow this kind of switch, so the company needed Parliament's specific permission.

The bill grants that permission. It allows Gore Mutual to apply to be continued as a body corporate under Quebec law, treating it as though it had originally been incorporated there. Once that transfer takes effect, the company will no longer be governed by the federal Insurance Companies Act, and the old federal statutes that originally created and renamed the company (from 1937, 1944-45, and 1959) will be repealed, since they are no longer needed.

The change only affects Gore Mutual itself and its corporate governance structure; it does not change insurance rules for other companies or for the public generally. The bill reflects that the company's policyholders had already voted by a two-thirds majority to support this move before petitioning Parliament for authorization.

Powers and oversight

This bill allows Gore Mutual Insurance Company to apply to be continued as a body corporate under the laws of the Province of Quebec, overriding a federal provision that would otherwise bar this.

  • Permission granted — the Company may apply for provincial continuance despite subsection 39(5) of the federal Insurance Companies Act, which otherwise applies to companies of its kind.
  • Change in governing law — once continued under Quebec law, the Company ceases to be governed by the federal Insurance Companies Act.
  • Repeal of prior special Acts — on the date of continuance, three earlier federal Acts specific to the Company (from 1937, 1944-45, and 1959) are repealed.
  • Discretion left to the Company — the Act only authorizes the application; whether and when continuance actually happens depends on the Company's own subsequent application under Quebec law, not on anything further from Parliament.
  • No other obligations imposed — the text does not create new regulatory duties, penalties, or oversight mechanisms; it removes a legal barrier for this one named company only.

Read from the bill's own text by AI. It describes what the bill allows, not whether that is justified.

Stage history

  1. Proposal — introduced (Senate 1st reading)Jun 3, 2025
  2. Senate — 2nd readingJun 11, 2025 · 8 days later
  3. Senate — 3rd readingOct 2, 2025 · 113 days later
  4. House — 1st readingOct 2, 2025 · same day
  5. House — 2nd readingOct 22, 2025 · 20 days later
  6. House — 3rd readingOct 22, 2025 · same day
  7. LawNov 20, 2025 · 29 days later