Home
Français
Acts and Regulations
I-12
- Insurance Act
Section 136
Disposition versions
Full text
Show all versions
Hide all versions
In force date
2006-12-31
Show full text at this date
Particulars in policy – general
136
(1)
This section does not apply to a contract
(
a
)
of group insurance,
(
b
)
of creditor’s group insurance, or
(
c
)
made by a fraternal society.
136
(2)
An insurer shall set forth the following particulars in the policy:
(
a
)
the name or a sufficient description of the insured and of the person whose life is insured;
(
b
)
the amount, or the method of determining the amount, of the insurance money payable, and the conditions under which it becomes payable;
(
c
)
the amount, or the method of determining the amount, of the premium and the period of grace, if any, within which it may be paid;
(
d
)
whether the contract provides for participation in a distribution of surplus or profits that may be declared by the insurer;
(
e
)
the conditions upon which the contract may be reinstated if it lapses;
(
f
)
the options, if any,
(i
)
of surrendering the contract for cash,
(ii
)
of obtaining a loan or an advance payment of the insurance money, and
(iii
)
of obtaining paid-up or extended insurance.
1968, c.6, s.136
0
Advanced search (includes point-in-time)
Consolidated Acts and Regulations
Acts
by title
by chapter
by department
Regulations
by regulation number
Annual Acts and Regulations
Acts
by year
Regulations
by year
Access Rules of Court
by rule number
Repealed Legislation (2011 onward)
Acts
by title
Selections
Show
Selections in current document
All selections in the collection
Selected elements
Delete all selections
Show selections
Cyberlex
Version 2.2.4.0