Canada Gazette, Part I, Volume 154, Number 3: MISCELLANEOUS NOTICES

January 18, 2020

AXA INSURANCE COMPANY

RELEASE OF ASSETS

Pursuant to section 651 of the Insurance Companies Act (Canada) [the “Act”], notice is hereby given that AXA Insurance Company intends to apply to the Superintendent of Financial Institutions (Canada), on or after February 22, 2020, for an order authorizing the release of the assets that it maintains in Canada in accordance with the Act.

Any policyholder or creditor in respect of AXA Insurance Company’s insurance business in Canada opposing such release is invited to file an opposition by mail to the Office of the Superintendent of Financial Institutions (Canada), Regulatory Affairs Division, 255 Albert Street, Ottawa, Ontario K1A 0H2, or by email at approvalsandprecedents@osfi-bsif.gc.ca, on or before February 22, 2020.

Toronto, January 18, 2020

Laurie LaPalme
Chief Agent in Canada

CANADA GUARANTY FINANCIAL CORPORATION

APPLICATION TO ESTABLISH AN INSURANCE COMPANY

Notice is hereby given, pursuant to subsection 25(2) of the Insurance Companies Act (Canada), that Canada Guaranty Financial Corporation intends to apply to the Minister of Finance for letters patent to incorporate a mortgage insurance company. The proposed mortgage insurance company will carry on business in Canada under the name “CG Plus Mortgage Insurance Company” in English and “Société d’assurance hypothécaire CG Plus” in French. Its head office will be located in Toronto, Ontario.

The proposed mortgage insurance company intends to engage in residential mortgage default insurance 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 February 17, 2020.

Note: The publication of this notice should not be construed as evidence that letters patent will be issued to incorporate the mortgage 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.

December 28, 2019

Canada Guaranty Financial Corporation

ZAG BANK

TRANSFER OF BUSINESS

In accordance with paragraph 236(2)(a) of the Bank Act (Canada), notice is hereby given of the intention of Zag Bank (the “Bank”), having its head office at 120–6807 Railway Street, Calgary, Alberta, to apply to the federal Minister of Finance for approval of the sale agreement between the Bank and Desjardins Trust Inc. (“Desjardins Trust”) whereby the Bank will sell all or substantially all of its assets to Desjardins Trust pursuant to subsection 232(1) of the Bank Act. Certain deposit liabilities of the Bank that are being transferred to Desjardins Trust contain non-assignment clauses.

Note: The publication of this notice should not be construed as evidence that approval will be issued for the sale. The granting of the approval will be dependent upon the normal Bank Act (Canada) review process and the discretion of the Minister of Finance.

Calgary, January 1, 2020

Louis-Philippe Mongeau
Corporate Secretary