Bill S-1003 explained in plain English
An Act to authorize Industrial Alliance Pacific Insurance and Financial Services Inc. to apply to be continued as a body corporate under the laws of Quebec
Federal Parliament bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Parliament of Canada snapshot for 41st Parliament, 1st Session. MP vote breakdowns appear when the House of Commons publishes a recorded division export for that bill. Senate and House stage details include official debate/sitting links when LEGISinfo publishes them.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill S-1003 authorizes Industrial Alliance Pacific Insurance and Financial Services Inc. to apply to be continued as a body corporate under Quebec law rather than federal law.
This bill allows Industrial Alliance Pacific Insurance and Financial Services Inc., a company currently incorporated under federal Canadian law, to apply for permission to transfer its incorporation to Quebec provincial law. The company, originally incorporated in 1967 as The North West Life Assurance Company of Canada, has undergone several name changes over the years. The bill notes that both the company's policyholders and shareholders approved this move by majority vote. Once the company is continued under Quebec law, it will no longer be governed by the federal Insurance Companies Act. The bill addresses a gap in existing law—there was previously no legislative mechanism allowing a federally-incorporated insurance company to transfer to provincial incorporation.
- Authorizes Industrial Alliance Pacific Insurance and Financial Services Inc. to apply to be continued as a body corporate under the laws of Quebec, despite the restriction in subsection 39(5) of the Insurance Companies Act
- Provides that once the company is continued under Quebec law, it ceases to be governed by the federal Insurance Companies Act
- Industrial Alliance Pacific Insurance and Financial Services Inc. (the company itself)
- Policyholders and shareholders of Industrial Alliance Pacific Insurance and Financial Services Inc.
- Quebec provincial government (as the new jurisdiction regulating the company)
- The company has the right to apply to be continued under Quebec provincial law
- The company must actually apply to Quebec authorities to complete the continuation process—this bill only authorizes the application
- Bill received royal assent on 17 May 2012
- The company originally incorporated on 10 March 1967
- Company was continued under letters patent on 22 October 1982
- The bill does not specify when or if the company will actually apply to Quebec. It only authorizes the application.
- The bill text does not detail what regulatory or licensing requirements Quebec law will impose on the company
- The practical effects on policyholders, claims, or coverage are not addressed in the bill
- No transition timeline is specified
The section 39(5) restriction preventing federal insurance companies from applying for provincial continuation is overridden for this specific company. Once the company is continued under Quebec law, it will no longer be governed by this federal act.
Source: Section 1 and Section 2
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textParliamentary Process
Bill S-1003, an act to allow Industrial Alliance Pacific Insurance and Financial Services Inc. to apply to continue as a corporation under Quebec law, completed its first reading in the Senate on April 2, 2012, and later received Royal Assent.
This record describes the first reading stage of Bill S-1003 in the Senate on April 2, 2012. This is a procedural step where the bill is formally introduced in the Senate. The artifact indicates that this stage was completed and that the bill eventually received Royal Assent on May 17, 2012, becoming chapter 32 of the Statutes of Canada, 2012.
The Senate sitting on April 2, 2012, included routine proceedings such as tabling budget documents and committee reports, the first reading of Bill S-1003 to allow a company to continue under Quebec law, and debates on other legislative matters and topical issues.
This Senate sitting record from April 2, 2012, primarily details routine proceedings, including the tabling of the 2012 budget and the presentation of committee reports on various studies. It also includes the first reading of a private bill, Bill S-1003, which aims to allow Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a corporation under Quebec law. The sitting also featured statements on World Autism Awareness Day and a charity boxing event, as well as question period discussions on topics such as the F-35 aircraft purchase, small business hiring credits, immigration, the dissolution of the National Council of Welfare, the release of Henk Tepper from Lebanon, and climate change. Additionally, there was debate on a bill to amend the Criminal Code and Firearms Act concerning the long-gun registry, and the introduction of a bill to address nuclear terrorism.
The Senate completed the Second Reading stage for Bill S-1003, which authorized Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a body corporate under Quebec law, before the bill received Royal Assent.
This artifact describes the proceedings for Bill S-1003 in the Senate. Specifically, it covers the Second Reading stage. The record indicates that during this stage, there were major speeches on Tuesday, April 24, 2012. The bill then proceeded through committee consideration, report stage, and third reading on Tuesday, May 15, 2012, where it was agreed to. The bill ultimately received Royal Assent on Thursday, May 17, 2012, becoming chapter 32 of the Statutes of Canada, 2012.
The Senate held a sitting on April 4, 2012, featuring routine proceedings, statements on various topics, and debates on multiple bills, including adjourning the second reading debate for Bill S-1003.
On April 4, 2012, the Senate convened for a sitting where various routine proceedings, statements, and debates took place. Notably, Bill S-1003, an act to allow Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a body corporate under Quebec law, was introduced and its second reading debate was adjourned. Other significant discussions included a debate on the F-35 aircraft purchase, the amending of the Criminal Code and Firearms Act, and debates on bills related to the Income Tax Act, Interpretation Act, and Criminal Code. Several committee reports were also presented and adopted. The sitting included statements on international mine awareness, Tartan Day, palliative care, Parkinson's Awareness Month, and congratulations on election victories in Burma, as well as tributes to athletes and notable individuals.
On April 4, 2012, the Senate debated various topics, including the F-35 purchase and Aboriginal treaty rights, and heard Senator Comeau introduce Bill S-1003, a private bill for Industrial Alliance Pacific Insurance and Financial Services Inc. to change its corporate charter, with debate on this bill being adjourned.
This document contains the proceedings of the Senate on April 4, 2012. It includes Senator Noël A. Kinsella presiding as Speaker, followed by Senators' Statements on various topics including International Day of Mine Awareness, Tartan Day, and Parkinson's Awareness Month. Routine Proceedings saw the tabling of several committee reports. Question Period focused on the F-35 aircraft purchase. The Orders of the Day included continued debate on several bills and the adjournment of debate on Bill S-1003, An Act to authorize Industrial Alliance Pacific Insurance and Financial Services Inc. to apply to be continued as a body corporate under the laws of Quebec. The Senate also adopted committee reports and debated the F-35 procurement. Senator Dagenais spoke on Bill S-207 regarding Aboriginal treaty rights, and Senator Runciman spoke on Bill S-209 concerning prize fights. Senator Comeau moved second reading of Bill S-1003, explaining it as a private bill to allow a company to change its federal charter to a Quebec charter for administrative and efficiency reasons. Debate on this bill was adjourned.
The Senate debated and referred Bill S-1003 to committee, alongside discussions on human rights, industry regulations, historical injustices, and the Canadian Charter of Rights and Freedoms.
This Senate sitting on April 24, 2012, included several distinct proceedings. The "Orders of the Day" section shows that "Bill S-1003, An Act to authorize Industrial Alliance Pacific Insurance and Financial Services Inc. to apply to be continued as a body corporate under the laws of Quebec" was presented for second reading and then referred to the Standing Senate Committee on Legal and Constitutional Affairs. Other proceedings included debates on "First Nations Elections Bill" (motion in amendment negatived), inquiries on human rights in Iran, modernization of laws for the maple syrup industry, and access to medical procedures for those with multiple sclerosis and chronic cerebrospinal venous insufficiency. There was also debate on a motion to urge the government to apologize for the Komagata Maru incident and an inquiry into the 30th anniversary of the Canadian Charter of Rights and Freedoms. The sitting also featured "Senators' Statements" on various topics, "Routine Proceedings" where reports were tabled, and "Question Period" where senators asked questions on topics such as commercial fisheries, food labelling, international aid, prison closures, and violence against women.
The Senate debated and agreed to send Bill S-1003, concerning the corporate continuation of Industrial Alliance Pacific Insurance and Financial Services Inc. under Quebec law, directly to committee for study.
This document records a debate in the Senate on April 24, 2012, regarding Bill S-1003. The bill, which allows Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a corporate body under Quebec law, was being discussed at its second reading. Senator Dennis Dawson spoke in favour of the bill, explaining that it is a private company's request to move from federal to provincial jurisdiction in Quebec for efficiency. He noted that the company had already received approval from federal and provincial financial regulators. Senator Dawson also mentioned that similar transfers have occurred before and suggested that the Insurance Companies Act could be amended to simplify such jurisdictional transfers without needing a private bill. Following the debate, a motion was passed to suspend the usual one-week waiting period before committee review and to refer the bill directly to the Standing Senate Committee on Legal and Constitutional Affairs for further study. Second reading of the bill was then deemed to have passed.
Bill S-1003 completed its committee review in the Senate on April 26, 2012, and later received Royal Assent on May 17, 2012.
This record indicates that Bill S-1003 completed its 'Consideration in committee' stage in the Senate on April 26, 2012. This stage involves a detailed review of the bill by a Senate committee. The bill later received Royal Assent on May 17, 2012, becoming chapter 32 of the Statutes of Canada 2012.
During a Senate sitting, a committee presented its report on Bill S-1003, finding no amendments, and the bill was scheduled for third reading.
This Senate sitting record from April 26, 2012, details the presentation of the eleventh report from the Standing Senate Committee on Legal and Constitutional Affairs regarding Bill S-1003. The committee reported that it had examined the bill, which aims to authorize Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a body corporate under Quebec law, and found no amendments. The bill was then placed on the Orders of the Day for third reading at the next sitting.
The Senate completed the Third Reading of Bill S-1003 on May 15, 2012, and the bill subsequently received Royal Assent on May 17, 2012.
On May 15, 2012, the Senate completed the Third Reading stage for Bill S-1003. The bill was then agreed to. The artifact also notes that the bill received Royal Assent on May 17, 2012, and became chapter 32 of the Statutes of Canada 2012.
During a Senate sitting on May 1, 2012, Bill S-1003, concerning Industrial Alliance Pacific Insurance and Financial Services Inc., received third reading and passed.
On May 1, 2012, the Senate convened for a sitting that included various proceedings. One of these was the third reading of Bill S-1003, "An Act to authorize Industrial Alliance Pacific Insurance and Financial Services Inc. to apply to be continued as a body corporate under the laws of Quebec." Following brief debate or procedural steps, the bill was read the third time and passed. The rest of the sitting involved other matters such as tabling reports, introducing new bills, question period, and debate on other inquiries and bills.
Bill S-1003, which authorized Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a body corporate under Quebec law, completed its first reading in the House of Commons on May 1, 2012, and subsequently received Royal Assent on May 17, 2012.
This record indicates that Bill S-1003, an act to allow Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a corporation under Quebec law, completed its first reading in the House of Commons on May 1, 2012. The bill later received Royal Assent on May 17, 2012, becoming chapter 32 of the Statutes of Canada, 2012.
On May 1, 2012, the House of Commons debated several bills, including those related to citizen's arrest, railway safety, and criminal organization recruitment, and concluded with adjournment proceedings.
This document is a record of a sitting of the House of Commons on May 1, 2012. The sitting included various proceedings such as Routine Proceedings, Government Orders, Statements by Members, and Oral Questions. Specific bills mentioned and debated include the Citizen's Arrest and Self-defence Act, the Safer Railways Act, and the Criminal Code (criminal organization recruitment). The House also received a message from the Senate concerning Bill S-1003. The sitting concluded with Adjournment Proceedings.
On May 15, 2012, the House of Commons completed the Second Reading, Report Stage, and Third Reading of Bill S-1003, after which it received Royal Assent on May 17, 2012.
This artifact details the Second Reading stage of Bill S-1003 in the House of Commons, which occurred on May 15, 2012. At this stage, the House of Commons agreed to the bill. Following this, the bill proceeded through report stage and third reading, also on May 15, 2012, where it was again agreed to. The bill ultimately received Royal Assent on May 17, 2012, and is now chapter 32 of the Statutes of Canada, 2012.
The House of Commons completed the second reading, committee consideration, and passage of Bill S-1003, which authorizes Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a body corporate under Quebec law.
On May 15, 2012, the House of Commons debated Bill S-1003, which authorizes Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a body corporate under Quebec law. Following the debate, the bill was read a second time, considered in committee, reported without amendment, concurred in, read a third time, and passed. This process stage was completed.
On May 15, 2012, the House of Commons completed its committee consideration of Bill S-1003, which was then agreed to at report and third reading stages before receiving Royal Assent.
This artifact details the 'Consideration in committee' stage for Bill S-1003 in the House of Commons on May 15, 2012. This stage was completed. The bill then proceeded to report stage and third reading on the same day, where it was agreed to. This bill ultimately received Royal Assent on May 17, 2012.
On May 15, 2012, the House of Commons passed Bill S-1003, allowing Industrial Alliance Pacific Insurance and Financial Services Inc. to continue as a body corporate under Quebec law, after it proceeded through standard legislative stages.
The House of Commons debated and passed Bill S-1003, an act to authorize Industrial Alliance Pacific Insurance and Financial Services Inc. to apply to continue as a body corporate under the laws of Quebec. The bill moved through various procedural stages, including its second reading, consideration in committee of the whole, reporting without amendment, concurrence, and third reading and passage. This occurred on May 15, 2012, as part of the House's sitting.
The House of Commons completed the Report stage for Bill S-1003 on May 15, 2012, with the bill subsequently receiving Royal Assent on May 17, 2012.
This artifact describes the House of Commons Report stage for Bill S-1003 on May 15, 2012. The stage was completed. The bill was later given Royal Assent on May 17, 2012, becoming chapter 32 of the Statutes of Canada 2012. The artifact indicates the bill passed second reading, underwent consideration in committee, and then completed report stage and third reading on the same day, May 15, 2012.
This House of Commons sitting on May 15, 2012, featured extensive debate and numerous failed amendments on the Copyright Modernization Act (Bill C-11), the passage of Bill S-1003, and committee discussions on the Environment Main Estimates.
This artifact is a record of a House of Commons sitting on May 15, 2012. It primarily details the proceedings related to Bill C-11, the Copyright Modernization Act, including debate on time allocation and various proposed amendments. The sitting also included routine proceedings, oral questions on various topics, and the passage of Bill S-1003, An Act to authorize Industrial Alliance Pacific Insurance and Financial Services Inc. to apply to be continued as a body corporate under the laws of Quebec. The discussion on Bill C-11 focused heavily on the balance between creators' and consumers' rights, the impact of digital locks, and the extent of prior consultations. Numerous divisions were called on proposed amendments to Bill C-11, all of which were defeated. The sitting concluded with committee of the whole consideration of Environment Main Estimates, 2012-13.
Bill S-1003 completed its third reading in the House of Commons on May 15, 2012, before receiving Royal Assent on May 17, 2012.
On May 15, 2012, the House of Commons completed the third reading of Bill S-1003. The bill was then agreed to. The bill later received Royal Assent on May 17, 2012, becoming chapter 32 of the Statutes of Canada 2012.
The House of Commons debated procedural issues surrounding Bill C-11 (Copyright Modernization Act), with opposition parties criticizing time allocation, while also discussing environmental matters and unanimously passing Bill S-1003.
This document is a record of the Third Reading debate for Bill S-1003 in the House of Commons on May 15, 2012. The debate focused on procedural matters related to the Copyright Modernization Act (Bill C-11), with opposition parties criticizing the government's use of time allocation to limit debate. The primary discussion revolved around concerns regarding the balance between creators' rights, consumers' rights, and the potential impact of digital locks on fair dealing and access to copyrighted material. There were also discussions on various environmental issues, including the management of contaminated sites, air quality regulations, and international climate change agreements. The record also includes the unanimous consent passage of Bill S-1003 at the Private Members' Business stage.
We don't have a plain-language summary for Debates of the Senate yet. The official source linked below is the full record.
Debate and sitting links point to official parliamentary sources when LEGISinfo publishes them. Any plain-language discussion summaries should be generated from those official texts and reviewed before public display.
Vote Summary
This bill does not have a published recorded division in the current official sources, so representative-by-representative vote counts are not shown.
No published representative vote breakdown
The current official sources do not publish a recorded division breakdown for this bill, so there is no representative-by-representative table to show.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced