This enactment authorizes La Capitale Financial Security Insurance Company to apply to be continued as a body corporate under the laws of the Province of Quebec.

Preamble

Whereas La Capitale Financial Security Insurance Company (the “Company”), having its principal place of business in the City of Mississauga, in the Province of Ontario, has set out in its petition:

(a) that the Company was incorporated on January 1, 1993, under section 22 of the Insurance Companies Act under the name “Penncorp Life Insurance Company”;

(b) that the Company changed its name to “La Capitale Financial Security Insurance Company” on January 1, 2014;

(c) that the Company is governed by the Insurance Companies Act;

(d) that the Company wishes to apply to be continued as a body corporate under the laws of the Province of Quebec;

(e) that the shareholder of the Company, by resolution, authorized the Company to apply to be continued as a body corporate under the laws of the Province of Quebec and to petition Parliament for authorization to do so; and

(f) that there is no legislative provision authorizing an insurance company incorporated under the Insurance Companies Act to apply to be continued as a body corporate under the laws of a province;

And whereas the Company has by its petition prayed that it be permitted to apply to be continued as a body corporate under the laws of the Province of Quebec and it is expedient to grant the prayer of the petition;

Now, therefore, Her Majesty, by and with the advice and consent of the Senate and House of Commons of Canada, enacts as follows: