Acts and Regulations

I-12 - Insurance Act

Full text
Policy or application issued or used by insurer
117(1)The Superintendent may require an insurer to file with him a copy of any form of policy or of the form of application for any policy issued or used by the insurer.
117(2)The Superintendent shall report to the Financial and Consumer Services Commission any case in which an insurer issues a policy or uses an application that in the opinion of the Superintendent is unfair, fraudulent or not in the public interest, and, if the Financial and Consumer Services Commission concurs with the report after hearing the insurer, it may order the Superintendent to prohibit the insurer from issuing or using that form of policy or application.
117(3)An insurer that after being so prohibited issues any such policy or uses any such application is guilty of an offence against this Act.
1968, c.6, s.117; 2013, c.31, s.20
Miscellaneous
117(1)The Superintendent may require an insurer to file with him a copy of any form of policy or of the form of application for any policy issued or used by the insurer.
117(2)The Superintendent shall report to the Minister any case where an insurer issues any policy or uses any application that in the opinion of the Superintendent is unfair, fraudulent or not in the public interest, and after hearing the insurer the Minister may if he concurs in the report, order the Superintendent to prohibit the insurer from issuing or using such form of policy or application.
117(3)An insurer that after being so prohibited issues any such policy or uses any such application is guilty of an offence against this Act.
1968, c.6, s.117