Insurance Companies Act — I-11.8 2
umer Agency of Canada Act ; ( disposition visant les consommateurs ) converted company means a mutual company that has been converted under this Act into a company with common shares; ( société transformée ) court means (a) in the Province of Ontario, the Superior Court of Justice, (b) in the Province of Quebec, the Superior Court of the Province, (c) in the Provinces of Nova Scotia, British Columbia and Prince Edward Island, the Supreme Court of the Province, (d) in the Provinces of New Brunswick, Manitoba, Saskatchewan and Alberta, the Court of Queen’s Bench for the Province, (e) in the Province of Newfoundland and Labrador, the Trial Division of the Supreme Court of the Province, and (f) in Yukon and the Northwest Territories, the Supreme Court, and in Nunavut, the Nunavut Court of Justice; ( tribunal ) court of appeal means the court to which an appeal lies from a decision or order of a court; ( cour d’appel ) debt obligation means a bond, debenture, note or other evidence of indebtedness of an entity, whether secured or unsecured; ( titre de créance ) director means a natural person occupying the position of director, by whatever name called, of a body corporate, and board of directors or directors refers to the directors of a body corporate as a body and, in the case of a society, refers to the supreme governing body of the society; ( administrateur , conseil d’administration ou conseil ) equity , in respect of a company or an insurance holding company, means its equity as determined in accordance with the regulations; ( capitaux propres ) entity means a body corporate, trust, partnership, fund, an unincorporated association or organization, Her Majesty in right of Canada or of a province, an agency of Her Majesty in either of such rights and the government of a foreign country or any political subdivision thereof and any agency thereof; ( entité ) federal credit union has the same meaning as in section 2 of the Bank Act ; ( coopérative de crédit fédérale ) federal financial institution means (a) a company or a society, (b) a bank, (c) a body corporate to which the Trust and Loan Companies Act applies, or (d) an association to which the Cooperative Credit Associations Act applies; ( institution financière fédérale ) fiduciary means any person acting in a fiduciary capacity and includes a personal representative of a deceased person; ( représentant ) financial institution means (a) a company or a society, (b) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act , (c) a body corporate to which the Trust and Loan Companies Act applies, (d) an association to which the Cooperative Credit Associations Act applies, (e) a trust, loan or insurance corporation incorporated by or under an Act of the legislature of a province, (f) a cooperative credit society incorporated and regulated by or under an Act of the legislature of a province, (g) an entity that is incorporated or formed by or under an Act of Parliament or of the legislature of a province and that is primarily engaged in dealing in securities, including portfolio management and investment counselling, and (h) a foreign institution; ( institution financière ) financial year , in respect of a foreign company, means a calendar year; ( exercice ) foreign company means an entity that is the subject of an order made under subsection 574(1); ( société étrangère ) foreign institution means an entity that is (a) engaged in the business of banking, the trust, loan or insurance business, the business of a cooperative credit society or the business of dealing in securities or is otherwise engaged primarily in the business of providing financial services, and (b) incorporated or formed otherwise than by or under an Act of Parliament or of the legislature of a province; ( institution étrangère ) former-Act company means a body corporate referred to in paragraph 13(1)(b); ( société antérieure ) former-Act society means a body corporate referred to in para