FINA Committee Meeting
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STANDING COMMITTEE ON FINANCE
COMITÉ PERMANENT DES FINANCES
EVIDENCE
[Recorded by Electronic Apparatus]
Wednesday, December 9, 1998
• 1353
[English]
The Chairman (Mr. Maurizio Bevilacqua (Vaughan—King—Aurora, Lib.)): I'd like to call the meeting to order.
Today's order of the day is, pursuant to Standing Order 73(1), clause-by-clause study of Bill C-59, an act to amend the Insurance Companies Act.
I ask the permission of the committee to deal with clause 1 to clause 10 as a package. Is that okay?
Some hon. members: Agreed.
The Chairman: Yes, Mr. Nystrom.
Mr. Lorne Nystrom (Regina—Qu'Appelle, NDP): I want to raise a little point of order, just to be helpful.
The Chairman: Yes.
Mr. Lorne Nystrom: I'd just like to flag something the desk has been discussing. According to our standing rules, Standing Order 21 says:
-
No Member is entitled to vote upon any question
in which which he or she has a direct pecuniary
interest, and the vote of any Member so interested
will be disallowed.
I think we're okay on this, but some of us do have a life insurance policy with a company that's going to be demutualized, and the question that the desk was discussing last night—Bob Marleau and folks—was whether or not we can actually vote on this if we do have such a policy.
I think we're okay. It's my opinion that it's general enough, but I'm not an expert on the procedures. I wanted to flag that, just so that it is flagged in case it does come up when it goes to the House.
I have a copy of the standing order here. I don't know how many of us have insurance policies with—
Mr. John McKay (Scarborough East, Lib.): Declare your vast holdings.
Some hon. members: Oh, oh!
Mr. Lorne Nystrom: I just wanted to flag that so that it's been noted.
The Chairman: Thank you, Mr. Nystrom.
(Clauses 1 to 10 inclusive agreed to)
• 1355
The Chairman: Shall the title carry?
Some hon. members: Agreed.
The Chairman: Shall the bill carry?
Some hon. members: Agreed.
The Chairman: Shall I report the bill to the House?
Some hon. members: Agreed.
The Chairman: Thank you.
An hon. member: You're welcome.
The Chairman: The meeting is adjourned.