Acts and Regulations

I-12 - Insurance Act

Section 395
Disposition versions

Full text
Resolution of administrative proceedings
395(1)Despite any other provision of this Act or the regulations, an administrative proceeding conducted by the Financial and Consumer Services Commission, the Tribunal or the Superintendent under this Act or the regulations may be disposed of by
(a) an agreement approved by the Financial and Consumer Services Commission, the Tribunal or the Superintendent, as the case may be,
(b) a written undertaking made by a person to the Financial and Consumer Services Commission, the Tribunal or the Superintendent that has been accepted by the Financial and Consumer Services Commission, the Tribunal or the Superintendent, as the case may be, or
(c) a decision of the Financial and Consumer Services Commission, the Tribunal or the Superintendent, as the case may be, made without a hearing or without compliance with a requirement of this Act or the regulations, if the parties have waived the hearing or compliance with the requirement.
395(2)An agreement, written undertaking or decision made, accepted or approved under subsection (1) may be enforced in the same manner as a decision made by the Financial and Consumer Services Commission, the Tribunal or the Superintendent under any other provision of this Act or under the regulations.
2016, c.36, s.7