149 (1) Ten residents in any county or district may call a meeting of the residents thereof to consider whether it is expedient to establish therein a mutual fire insurance corporation to undertake contracts of fire insurance on the premium note plan upon agricultural property. R.S.O. 1990, c. C.38, s. 149 (1). Advertisements calling meeting (2) The meeting shall be called by advertisement, stating the time, place and object of the meeting, and the advertisement shall be published once in The Ontario Gazette and at least once a week for three consecutive weeks in a newspaper published in the county or district. R.S.O. 1990, c. C.38, s. 149 (2). Subscription book (3) If thirty residents are present at the meeting and a majority of them determine that it is expedient to establish a mutual fire insurance corporation, they may elect from among themselves three persons to open and keep a subscription book in which owners of real or personal property in Ontario may sign their names and enter the sum for which they respectively bind themselves to effect insurance in the corporation. R.S.O. 1990, c. C.38, s. 149 (3). When meeting may be called (4) When 100 or more of such owners have signed their names in the subscription book and bound themselves to effect insurance in the corporation amounting in the aggregate to $250,000 or more, a meeting shall be called as hereinafter provided. R.S.O. 1990, c. C.38, s. 149 (4). How meeting to be called (5) When the subscription has been completed, any ten of the subscribers may call the first meeting of the proposed corporation at such time and place in the county or district as they determine by sending a notice in writing to each subscriber at least 10 days before the day of the meeting, and by advertisement in a newspaper having general circulation in the county or district. R.S.O. 1990, c. C.38, s. 149 (5); 2023, c. 9, Sched. 9, s. 11. Contents of notice (6) The notice and advertisement shall state the object of the meeting and the time and place at which it is to be held. R.S.O. 1990, c. C.38, s. 149 (6). Election of directors (7) At such meeting, or at any adjournment of it, the name and style of the company, which shall include the word “mutual” or the word “mutuelle”, shall be adopted, an acting secretary appointed, a board of directors elected as hereinafter provided and a central and generally accessible place in the county or district at which the head office of the company is to be located. R.S.O. 1990, c. C.38, s. 149 (7). Quorum of meeting (8) The presence of at least twenty-five of the subscribers is necessary to constitute a valid meeting. R.S.O. 1990, c. C.38, s. 149 (8). First meeting of directors (9) As soon as convenient after the meeting, the acting secretary shall call a meeting of the directors for the election from among themselves of a president or the appointment of a person as president who is not a director, for the appointment of a secretary and a treasurer or a secretary-treasurer and for the transaction of such other business as may be brought before the meeting. 2006, c. 33, Sched. O, s. 20. Certain documents to be delivered (10) With the application for incorporation, the applicants shall file with the Minister, certified as correct under the hands of the chair and secretary, (a)  a copy of the minutes of the meeting, including all resolutions respecting the objects of the proposed corporation, its name and the location of its head office; (b)  a copy of the subscription book; (c)  a list showing the names and addresses of the directors elected and of the officers appointed; and (d)  such further information as the Minister may require. R.S.O. 1990, c. C.38, s. 149 (10); 2017, c. 20, Sched. 7, s. 44 (1). Production of originals (11) There shall also, for verification, be filed with the Minister, if requested, the originals of such documents. R.S.O. 1990, c. C.38, s. 149 (11); 2017, c. 20, Sched. 7, s. 44 (2). Minister to ascertain correctness of proceedings (12) The Minister shall ascertain and determine whether the proceedings for the incorporation have been taken in accordance with this section and whether the subscriptions are genuine and by persons possessing property to insure. R.S.O. 1990, c. C.38, s. 149 (12). Powers deemed in letters patent (13) A mutual insurance corporation incorporated for the purpose of undertaking contracts of fire insurance on the premium note plan or under a contract to which the Fire Mutuals Guarantee Fund is applicable in accordance with section 166 of the Insurance Act, has the power, and its letters patent shall be deemed to include the power, to undertake all classes of insurance for which a joint stock insurance company may be licensed under the Insurance Act. R.S.O. 1990, c. C.38, s. 149 (13). Section Amendments with date in force (d/m/y) 2006, c. 33, Sched. O, s. 20 - 05/05/2008 2017, c. 20, Sched. 7, s. 44 (1, 2) - 19/10/2021 2023, c. 9, Sched. 9, s. 11 - 01/10/2023