﻿<?xml version="1.0" encoding="utf-8"?><Regulation lims:pit-date="2006-03-22" lims:lastAmendedDate="2006-03-22" lims:current-date="2019-06-21" lims:inforce-start-date="2006-03-22" lims:fid="943545" lims:id="943545" gazette-part="II" regulation-type="SOR" xml:lang="en" xmlns:lims="http://justice.gc.ca/lims"><Identification lims:inforce-start-date="2006-03-22" lims:fid="943546" lims:id="943546"><InstrumentNumber>SOR/92-284</InstrumentNumber><RegistrationDate><Date><YYYY>1992</YYYY><MM>5</MM><DD>14</DD></Date></RegistrationDate><ConsolidationDate lims:inforce-start-date="2006-03-22"><Date><YYYY>2019</YYYY><MM>6</MM><DD>22</DD></Date></ConsolidationDate><EnablingAuthority lims:inforce-start-date="2006-03-22" lims:fid="943548" lims:id="943548"><XRefExternal reference-type="act" link="I-11.8">INSURANCE COMPANIES ACT</XRefExternal></EnablingAuthority><ShortTitle lims:inforce-start-date="2006-03-22" lims:fid="943549" lims:id="943549">Resident Canadian (Insurance Companies) Regulations</ShortTitle><LongTitle lims:inforce-start-date="2006-03-22" lims:fid="943550" lims:id="943550">Regulations Prescribing Classes of Persons the Members of which are Resident Canadians</LongTitle><RegulationMakerOrder><RegulationMaker>P.C.</RegulationMaker><OrderNumber>1992-1039 </OrderNumber><Date><YYYY>1992</YYYY><MM>5</MM><DD>14</DD></Date></RegulationMakerOrder></Identification><Order lims:inforce-start-date="2006-03-22" lims:fid="943551" lims:id="943551"><Provision lims:inforce-start-date="2006-03-22" lims:fid="943552" lims:id="943552" format-ref="indent-0-0" language-align="yes" list-item="no"><Text>His Excellency the Governor General in Council, on the recommendation of the Minister of Finance, pursuant to paragraph (b) of the definition <DefinedTermEn>resident Canadian</DefinedTermEn> in sections 2 and 703 of the <XRefExternal reference-type="act" link="I-11.8">Insurance Companies Act</XRefExternal><FootnoteRef idref="fn_1e">*</FootnoteRef>, is pleased hereby to make the annexed <XRefExternal reference-type="regulation" link="SOR-92-282">Regulations prescribing classes of persons the members of which are resident Canadians</XRefExternal>, effective June 1, 1992.</Text><Footnote id="fn_1e" placement="page" status="official"><Label>*</Label><Text>S.C. 1991, c. 47</Text></Footnote></Provision></Order><Body lims:inforce-start-date="2006-03-22" lims:fid="943553" lims:id="943553"><Heading lims:inforce-start-date="2006-03-22" lims:fid="943554" lims:id="943554" level="1"><TitleText>Short Title</TitleText></Heading><Section lims:inforce-start-date="2006-03-22" lims:lastAmendedDate="2006-03-22" lims:fid="943555" lims:id="943555"><Label>1</Label><Text>These Regulations may be cited as the <XRefExternal reference-type="regulation">Resident Canadian (Insurance Companies) Regulations.</XRefExternal></Text></Section><Heading lims:inforce-start-date="2006-03-22" lims:fid="943556" lims:id="943556" level="1"><TitleText>Prescribed Resident Canadians</TitleText></Heading><Section lims:inforce-start-date="2006-03-22" lims:lastAmendedDate="2006-03-22" lims:fid="943557" lims:id="943557"><Label>2</Label><Text>For the purposes of paragraph (b) of the definition <DefinedTermEn>resident Canadian</DefinedTermEn> in section 2 of the <XRefExternal reference-type="act" link="I-11.8">Insurance Companies Act</XRefExternal>, members of the following classes of persons are resident Canadians:</Text><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="943558" lims:id="943558"><Label>(a)</Label><Text>Canadian citizens not ordinarily resident in Canada whose principal reason for residing outside Canada is to act as a full-time employee of a body corporate</Text><Subparagraph lims:inforce-start-date="2006-03-22" lims:fid="943559" lims:id="943559"><Label>(i)</Label><Text>of which more than 50 per cent of the voting shares are beneficially owned, or over which control or direction is exercised, by resident Canadians described in paragraph (a) or (c) of that definition,</Text></Subparagraph><Subparagraph lims:inforce-start-date="2006-03-22" lims:fid="943560" lims:id="943560"><Label>(ii)</Label><Text>a majority of the directors of which are resident Canadians described in paragraph (a) or (c) of that definition, or</Text></Subparagraph><Subparagraph lims:inforce-start-date="2006-03-22" lims:fid="943561" lims:id="943561"><Label>(iii)</Label><Text>that is a subsidiary of a body corporate described in subparagraph (i) or (ii);</Text></Subparagraph></Paragraph><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="943562" lims:id="943562"><Label>(b)</Label><Text>Canadian citizens not ordinarily resident in Canada who are full-time employees of an international association or organization of which Canada is a member; and</Text></Paragraph><Paragraph lims:inforce-start-date="2006-03-22" lims:fid="943563" lims:id="943563"><Label>(c)</Label><Text>Canadian citizens not ordinarily resident in Canada who were, on their sixtieth birthday, ordinarily resident in Canada and who have been residing outside Canada for less than 10 consecutive years.</Text></Paragraph></Section></Body></Regulation>