ontario regulation 145/19
made under the
Insurance Act
Made: May 30, 2019
Filed: June 3, 2019
Published on e-Laws: June 3, 2019
Printed in The Ontario Gazette: June 22, 2019
Amending O. Reg. 347/04
(AGENTS)
1. (1) The French version of clause 13 (a) of Ontario Regulation 347/04 is amended by adding “au moins” after “s’élève”.
(2) The French version of clause 13 (b) of the Regulation is amended by striking out “la valeur minimale s’élève” and substituting “la valeur s’élève au moins”.
2. The Regulation is amended by adding the following section:
Transition
Transition
18. (1) The reference in the definition of “Life Licence Qualification Program” in subsection 1 (1) to a program approved by the Chief Executive Officer is deemed to include the last such program approved by the Superintendent prior to the day section 22 of Schedule 13 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force until the Chief Executive Officer approves a subsequent program.
(2) References in section 4 to a course acceptable to the Chief Executive Officer or to an examination approved by the Chief Executive Officer are deemed to include the last course acceptable to the Superintendent or the last examination approved by the Superintendent, as the case may be, prior to the day section 22 of Schedule 13 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force until the Chief Executive Officer finds a subsequent course acceptable or approves a subsequent examination.
(3) For the purposes of subclauses 4 (2.3) (b) (ii) and 4 (2.4) (b) (ii), an individual meets the requirements of those subclauses if the individual was previously determined by the Superintendent to have the necessary qualifications.
(4) References in section 13 to a form approved by the Chief Executive Officer are deemed to include the last form approved by the Superintendent for the purposes of that section prior to the day section 22 of Schedule 13 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force until the Chief Executive Officer approves a subsequent form for the purposes of that section.
(5) The reference in section 14 to continuing education acceptable to the Chief Executive Officer in respect of life insurance is deemed to include continuing education that was acceptable to the Superintendent immediately prior to the day section 22 of Schedule 13 to the Plan for Care and Opportunity Act (Budget Measures), 2018 came into force.
3. The Regulation is amended by striking out “Superintendent” wherever it appears and substituting in each case “Chief Executive Officer”, except in the following provisions:
1. The definition of “Level II life insurance examination” in subsection 1 (1).
2. Section 18.
Commencement
4. This Regulation comes into force on the later of the day section 22 of Schedule 13 to the Plan for Care and Opportunity Act (Budget Measures), 2018 comes into force and the day this Regulation is filed.