Canada Gazette, Part I, Volume 152, Number 33: MISCELLANEOUS NOTICES

August 18, 2018

AIR CANADA

APPLICATION TO ESTABLISH AN INSURANCE COMPANY

Notice is hereby given, pursuant to subsection 25(2) of the Insurance Companies Act (Canada), that Air Canada intends to apply to the Minister of Finance for letters patent to incorporate a life insurance company. The proposed life insurance company will carry on business in Canada under the name AC Life Insurance Company / AC compagnie d'assurance-vie and its head office will be located in Montréal, Quebec.

The proposed life insurance company intends to engage in the reinsurance of pension risks related to Air Canada's pension plans and related activities.

Any person who objects to the issuance of these letters patent may submit an objection in writing to the Office of the Superintendent of Financial Institutions, 255 Albert Street, Ottawa, Ontario K1A 0H2, on or before October 1, 2018.

Note: The publication of this notice should not be construed as evidence that letters patent will be issued to incorporate the life insurance company. The granting of the letters patent will be dependent upon the normal Insurance Companies Act (Canada) application review process and the discretion of the Minister of Finance.

August 11, 2018

Air Canada

CERTAS HOME AND AUTO INSURANCE COMPANY

REDUCTION OF STATED CAPITAL

In accordance with subsection 79(5) of the Insurance Companies Act (Canada), notice is hereby given of the intention of Certas Home and Auto Insurance Company (the "Corporation"), having its head office in Lévis, Quebec, Canada, to apply to the Superintendent of Financial Institutions (Canada) for approval to reduce the stated capital of the Corporation pursuant to a special resolution adopted by the shareholders of the Corporation on August 9, 2018, which reads as follows:

"IT IS RESOLVED:

  1. Subject to the written approval of the Superintendent of Financial Institutions (Canada) [the "Superintendent"], to authorize Certas Home and Auto Insurance Company (the "Corporation") to reduce the stated capital account of its common shares by $20,000,000.00 and that such amount be reimbursed to Desjardins General Insurance Group Inc. and Groupe des Assurances du Crédit Mutuel S.A., as the holders of the common shares of the Corporation;
  2. That the stated capital account for the common shares of the Corporation be adjusted to reflect such reduction;
  3. That the Corporation, through its authorized officers, be authorized and directed to do all things and execute all instruments and documents necessary or desirable to carry out the foregoing including, without limitation, the publication in the Canada Gazette of a notice of intention to apply for approval to reduce the stated capital of the Corporation along with this special resolution and the making of an application for the approval of the Superintendent within three months after the time of the passing of this special resolution; and
  4. That Desjardins General Insurance Group Inc. and Groupe des Assurances du Crédit Mutuel S.A. have no reasonable grounds for believing, and understand that the Corporation, after due enquiry, has no reasonable grounds for believing, that the Corporation is, or the reduction would cause the Corporation to be, in contravention of subsection 515(1), any regulation made under subsection 515(2) or any order made under subsection 515(3) of the Insurance Companies Act (Canada)."

Note: The publication of this notice should not be construed as evidence that approval will be issued for the reduction of capital. The granting of the approval will be dependent upon the normal Insurance Companies Act (Canada) review process and the discretion of the Superintendent of Financial Institutions.

August 9, 2018

Hélène Blackburn
Corporate Secretary