Acts and Regulations

I-12 - Insurance Act

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Excess contract
245(1)Nothing in this Part precludes an insurer from providing insurance under a contract evidenced by a motor vehicle liability policy restricted to a limit in excess of that provided by another designated contract evidenced by a motor vehicle liability policy, whether the designated contract is a first loss insurance or an excess insurance.
245(2)Where the contract designated in the excess contract terminates or is terminated, the excess contract is also automatically terminated.
1968, c.6, s.244