Acts and Regulations

I-12 - Insurance Act

Section 15
Disposition versions

Full text
Duty to provide information
2021, c.8, s.11
15(1)On the request of the Superintendent, any person who holds or held a licence under this Act or, in the opinion of the Superintendent, is or was required to hold a licence under this Act, a damage appraiser, an employee of a restricted insurance representative engaged in the business of insurance or an officer or representative of an insurer shall give the Superintendent full information and provide records about the following matters:
(a) a contract issued by an insurer;
(b) a settlement or adjustment under a contract;
(c) activities related to the business of insurance;
(d) activities related to employees of a restricted insurance representative engaged in the business of insurance;
(e) activities related to damage appraisers;
(f) activities related to the business of a person who holds or held a licence under this Act;
(g) activities related to the business of any other person who, in the opinion of the Superintendent, is or was required to hold a licence under this Act;
(h) the financial affairs of an insurer;
(i) any other matters prescribed by regulation; and
(j) any other matters specified by the Superintendent.
15(2)On the request of the Superintendent, an insured person or a purported insured person, a policy owner or a person claiming to be entitled to payment under an insurance contract shall give the Superintendent full information about the following matters:
(a) a contract issued to the insured person or the purported insured person;
(b) a settlement or adjustment under a contract, if the settlement or adjustment relates to the insured;
(c) the acts or practices of a person who holds or held a licence under this Act that are relevant to the purposes of this Act;
(d) the acts or practices of any other person who, in the opinion of the Superintendent, is or was required to hold a licence under this Act that are relevant to the purposes of this Act;
(e) the acts or practices of a person who, in the opinion of the Superintendent, may have committed unfair or deceptive acts or practices in the business of insurance;
(f) the acts or practices of a damage appraiser or an employee of a restricted insurance representative engaged in the business of insurance;
(g) any other matters prescribed by regulation; and
(h) any other matters specified by the Superintendent.
1968, c.6, s.15; 2021, c.8, s.12
Information relative to a contract
15The officers, adjusters and agents of every licensed insurer, every other licensed person, and every insured, shall furnish the Superintendent on his request with full information relative to any contract issued by the insurer or to the insured, as the case may be, and made or deemed to be made within the Province or relative to any settlement or adjustment under any such contract.
1968, c.6, s.15