Acts and Regulations

I-12 - Insurance Act

Section 83
Disposition versions

Full text
Prohibition against entering into contract of insurance with unlicensed insurer
2021, c.8, s.19
83(1)No person in the Province shall enter into a contract of insurance with an unlicensed insurer to undertake insurance in the Province, except through a special insurance broker holding a valid licence.
83(2)A person who knowingly violates the provisions of this section is guilty of an offence.
1968, c.6, s.83; 2021, c.8, s.20
Fire loss
83No person shall knowingly insure or cause to be insured, except through a special insurance broker duly licensed, any property situate in, or described in any contract as situate in, any part of the Province, against fire loss with an insurer not licensed under the provisions of this Act, and any person who knowingly violates the provisions of this section is guilty of an offence.
1968, c.6, s.83