O.C. 256/2012

A.R. 129/2012

July 24, 2012


            The Lieutenant Governor in Council makes the Fair Practices Amendment Regulation set out in the attached Appendix.  

For Information only

Recommended by:            President of Treasury Board and Minister of Finance

Authority:                             Insurance Act
                                                (section 511)


APPENDIX

Insurance Act

FAIR PRACTICES AMENDMENT REGULATION

1   The Fair Practices Regulation (AR 128/2001) is amended by this Regulation.

 

2   Section 5.7 is amended

                                 (a)    in subsection (1) by adding the following after clause (d):

                                               (d.1)    “pressure vessel” means any boiler, vessel or apparatus and their connected pipes while under pressure or while in use or operation, but does not include any tank with an internal diameter of 610 mm or less used for storage of hot water or any vessel if the maximum internal working pressure of the vessel does not exceed 103 kilopascals above atmospheric pressure;

                                 (b)    in subsection (3)

                                           (i)    in clause (a) by adding the following after subclause (vi):

                                                (vii)    explosion of any pressure vessel, gas turbine or any moving or rotating machinery or its parts;

                                          (ii)    by adding the following after clause (b):

                                                   (c)    in respect of property insured under a contract of boiler and machinery insurance, explosion of gas or unconsumed fuel within any furnace or within the passage from a furnace or pressure vessel to the atmosphere.