1. Canadian Life Line Limited Act, 1995
EXPLANATORY NOTE
The purpose of the Bill is set out in the Preamble.
Bill Pr1995
An Act respecting
Canadian Life Line Limited
Preamble
Canadian Life Line Limited has applied for special legislation to exempt it from the prohibition
in the Insurance Act against persons, other than insurers, trading in insurance policies. The
applicant represents that it was incorporated as a limited company under the law of the Province
of Nova Scotia on January 4, 1995. The applicant further represents that it is not an insurer
within the meaning of the Insurance Act.
It is appropriate to grant the application.
Therefore, Her Majesty, by and with the advice and consent of the Legislative Assembly of the
Province of Ontario, enacts as follows:
Exemption from s. 115 of the Insurance Act
1. (1) Despite section 115 of the Insurance Act, Canadian Life Line Limited and its duly
authorized agents may advertise or hold out as a purchaser of life insurance policies or of
benefits thereunder and may traffic or trade in life insurance policies for the purpose of procuring
the sale, surrender, transfer, assignment, pledge or hypothecation thereof to Canadian Life Line
Limited, its agent or any other person.
Definitions
(2) Words and expressions used in subsection (1) have the same meaning as they do in section
115 of the Insurance Act.
Commencement
2. This Act comes into force on the day it receives Royal Assent.
Short title
3. The short title of this Act is the Canadian Life Line Limited Act, 1995.

2. Date Bill Stage Activity Committee
April 24, 1996 Consideration of a Bill
Standing Committee on Regulations
and Private Bills
November 01,
1995
Ordered referred to Standing
Committee
Standing Committee on Regulations
and Private Bills
November 01,
1995
First
Reading
Carried