December 18, 1962 (25th Parliament, 1st Session)

Mr. Gregoire:

Mr. Chairman, I should like to speak of the name of the company. It is called the Merit Insurance Company, but I would call it myself a finance company. What happens when an insurance company such as this one is directly connected with a finance company, like the Industrial Acceptance Corporation, for instance? When you buy a car,

the finance company puts you on a financing plan and then you have to get insurance from that company.