O.C. 328/2011

July 13, 2011

A.R. 146/2011

July 14, 2011


            The Lieutenant Governor in Council makes the Miscellaneous Provisions Amendment Regulation set out in the attached Appendix.

For Information only

Recommended by:          Minister of Finance and Enterprise

Authority:                             Insurance Act
                                                (sections 694 and 749)


APPENDIX

Insurance Act

MISCELLANEOUS PROVISIONS
AMENDMENT REGULATION

1   The Miscellaneous Provisions Regulation (AR 120/2001) is amended by this Regulation.

 

2   The following is added after section 3.1:

Prescribed classes of insurance

3.2   For the purposes of section 819.1(1) of the Act, legal expense insurance, property insurance and liability insurance are prescribed classes of insurance.

Prescribed information re group and creditor
group insurance

3.3   The prescribed information for the purposes of sections 642(8)(b) and 699(8)(b) of the Act is information in a policy of group insurance or creditor group insurance that, if disclosed, would reveal

                                 (a)    confidential commercial information that a reasonable person would think could harm the competitive position of the insurer or insured, or

                                 (b)    plan design and benefits information relating to different classes of debtor insured, group life insured or group persons insured covered in the same policy.

 

3   This Regulation comes into force on the coming into force of section 27 of the Insurance Amendment Act, 2008.