292The Lieutenant-Governor in Council may make regulations requiring every owner of a motor vehicle registered under this Act and every holder of a licence issued under this Act to furnish proof of his financial responsibility for the liability imposed upon him by law for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province, and the manner in which such proof of financial responsibility may be given and, without restricting the generality of the powers hereby given, the Lieutenant-Governor in Council may by regulation
(a)
provide that no motor vehicle may be registered unless the owner thereof furnishes to the Registrar proof of his financial responsibility in the prescribed form;
(b)
provide that no person may be issued a licence unless he furnishes to the Registrar proof of his financial responsibility in the prescribed form;
(c)
provide for the giving of proof of financial responsibility of an owner or driver of a motor vehicle
(i)
by an insurer,
(ii)
by the Registrar or such other person as may be designated in the regulations,
(iii)
by a bond with such surety as may be provided by the regulations,
(iv)
by the deposit with the Minister of such sum of money, or such securities for money, as may be provided by the regulations,
(v)
in such other manner as may be provided by the regulations,
and for the form of such proof and the terms and conditions under which it may be given;
(d)
provide for a schedule of fees payable in respect of the giving of proof of financial responsibility pursuant to subparagraph (c)(ii);
(e)
provide for imposing on the Registrar, or on such other person as may be designated in the regulations, liability to indemnity, to the extent set forth in the regulations, every owner of a motor vehicle registered under this Act and every holder of a licence issued under this Act against the liability imposed upon him by law for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province; and empower the Registrar, or such other person, to insure against the liability imposed upon him pursuant to this paragraph;
(f)
make every owner of a motor vehicle registered under this Act and every holder of a licence issued under this Act, or such of the owners and holders as may be defined in the regulations a member of a group for the purposes of group insurance; and empower the Crown in right of the Province to enter into a contract of group insurance with an insurer insuring every member of the group against the liability imposed upon him by law for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province;
(g)
empower the Registrar, or such other person as may be designated in the regulations, to issue certificates under a contract of group insurance as agent of the Crown in right of the Province;
(h)
empower every person who is insured by a contract of group insurance, but who is not a party to the contract, to recover indemnity from the insurer in the same manner and to the same extent as if he were a party to the contract for valuable consideration;
(i)
provide that the Crown in right of the Province has an insurable interest with respect to the liability of every owner of a motor vehicle registered under this Act, and every holder of a licence issued under this Act, for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province;
(j)
empower the Crown in right of the Province to engage in and carry on the business of an insurer in respect of the liability imposed by or pursuant to law for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province;
(k)
prescribe the forms to be used for the purposes of any regulation made hereunder;
(l)
provide for any matter necessary or incidental to the carrying out of the purposes and objects contemplated by this section, or any of them.
292The Lieutenant-Governor in Council may make regulations requiring every owner of a motor vehicle registered under this Act and every holder of a licence issued under this Act to furnish proof of his financial responsibility for the liability imposed upon him by law for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province, and the manner in which such proof of financial responsibility may be given and, without restricting the generality of the powers hereby given, the Lieutenant-Governor in Council may by regulation
(a)
provide that no motor vehicle may be registered unless the owner thereof furnishes to the Registrar proof of his financial responsibility in the prescribed form;
(b)
provide that no person may be issued a licence unless he furnishes to the Registrar proof of his financial responsibility in the prescribed form;
(c)
provide for the giving of proof of financial responsibility of an owner or driver of a motor vehicle
(i)
by an insurer,
(ii)
by the Registrar or such other person as may be designated in the regulations,
(iii)
by a bond with such surety as may be provided by the regulations,
(iv)
by the deposit with the Minister of such sum of money, or such securities for money, as may be provided by the regulations,
(v)
in such other manner as may be provided by the regulations,
and for the form of such proof and the terms and conditions under which it may be given;
(d)
provide for a schedule of fees payable in respect of the giving of proof of financial responsibility pursuant to subparagraph (c)(ii);
(e)
provide for imposing on the Registrar, or on such other person as may be designated in the regulations, liability to indemnity, to the extent set forth in the regulations, every owner of a motor vehicle registered under this Act and every holder of a licence issued under this Act against the liability imposed upon him by law for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province; and empower the Registrar, or such other person, to insure against the liability imposed upon him pursuant to this paragraph;
(f)
make every owner of a motor vehicle registered under this Act and every holder of a licence issued under this Act, or such of the owners and holders as may be defined in the regulations a member of a group for the purposes of group insurance; and empower the Crown in right of the Province to enter into a contract of group insurance with an insurer insuring every member of the group against the liability imposed upon him by law for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province;
(g)
empower the Registrar, or such other person as may be designated in the regulations, to issue certificates under a contract of group insurance as agent of the Crown in right of the Province;
(h)
empower every person who is insured by a contract of group insurance, but who is not a party to the contract, to recover indemnity from the insurer in the same manner and to the same extent as if he were a party to the contract for valuable consideration;
(i)
provide that the Crown in right of the Province has an insurable interest with respect to the liability of every owner of a motor vehicle registered under this Act, and every holder of a licence issued under this Act, for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province;
(j)
empower the Crown in right of the Province to engage in and carry on the business of an insurer in respect of the liability imposed by or pursuant to law for loss or damage arising from the ownership, use or operation of a motor vehicle in the Province;
(k)
prescribe the forms to be used for the purposes of any regulation made hereunder;
(l)
provide for any matter necessary or incidental to the carrying out of the purposes and objects contemplated by this section, or any of them.