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I-12
- Insurance Act
Section 190
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In force date
2006-12-31
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Particulars in policy – general
190
(1)
This section does not apply to
(
a
)
a contract of group insurance, or
(
b
)
a contract made by a fraternal society.
190
(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 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
)
the conditions upon which the contract may be reinstated if it lapses, and
(
e
)
the term of the insurance or the method of determining the day upon which the insurance commences and terminates.
1968, c.6, s.190
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