Acts and Regulations

I-12 - Insurance Act

Full text
Loss of or damage to property arising from the peril of fire
122(1)This part applies to insurance against loss of or damage to property arising from the peril of fire in any contract made in the Province except,
(a) insurance falling within the classes of aircraft, automobile, boiler and machinery, inland transportation, marine, plate glass, sprinkler leakage and theft insurance;
(b) where the subject matter of the insurance is rents, charges or loss of profits;
(c) where the peril of fire is an incidental peril to the coverage provided; or
(d) where the subject matter of the insurance is property that is insured by an insurer or group of insurers primarily as a nuclear risk under a policy covering against loss of or damage to the property resulting from nuclear reaction or nuclear radiation and from other perils.
122(2)Notwithstanding subsection (1), this Part applies to insurance of an automobile as provided in subsection 24(7).
1968, c.6, s.122