Additional Information

The second special meeting of eligible mutual policyholders has been called for March 20, 2019. At the special meeting, eligible mutual policyholders will be asked to consider and vote on the By-Law Amendment Resolution, which, if passed, will allow Economical to continue the demutualization process. The resolution, our conversion plan, and an overview of the policyholder committee negotiation process can be found in the policyholder circular.

Conversion Plan Contained in Circular for the Second Special Meeting

2019 Special Meeting of Eligible Mutual Policyholders Information Circular (.pdf 4.6MB).

Economical is in the process of sending letters to eligible policyholders that it has identified in its records. The letters include an official detailed notice that describes the Economical demutualization process and how eligible policyholders participate in that process.

The Notice of Intent is the document approved by the Office of the Superintendent of Financial Institutions which outlines the conversion process for the demutualization of Economical. In accordance with sections 6(1)(a) and 6(2) of the Mutual Property & Casualty Insurance Company with Non-mutual Policyholders Conversion Regulations, Economical has sent a copy of this document to all eligible policyholders and published it on this website.

Notice under the Mutual Property & Casualty Insurance Company with Non-mutual Policyholders Conversion Regulations (.pdf 137KB).

A special meeting of eligible mutual policyholders was held on December 14, 2015. The eligible mutual policyholders decided to advance to the next phase of demutualization. The resolution they voted for can be found in Appendix "A" of the policyholder circular below. It authorizes the negotiation of the allocation of benefits through a policyholder committee process.

Special meeting notice and policyholder information circular (.pdf 1.06MB).