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O. Reg. 278/15: LIFE INSURANCE - APPLICATION OF PART V OF THE ACT

under Insurance Act, R.S.O. 1990, c. I.8

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Insurance Act
Loi sur les assurances

ONTARIO REGULATION 278/15

LIFE INSURANCE - APPLICATION OF PART V OF THE ACT

Consolidation Period: From July 1, 2016 to the e-Laws currency date.

No amendments.

This Regulation is made in English only.

Definitions

1. In this Regulation,

“2012 amendments” means Schedule 23 to the Strong Action for Ontario Act (Budget Measures), 2012;

“2013 amendments” means Schedule 8 to the Prosperous and Fair Ontario Act (Budget Measures), 2013.

Section 175 of the Act

2. (1) Paragraph 7 of subsection 175 (2) of the Act, as it reads on and after the day subsection 6 (2) of the 2013 amendments comes into force, applies only to policies issued on or after that day.

(2) Subsection 175 (3) of the Act, as it reads on and after the day section 11 of the 2012 amendments comes into force, applies only to policies issued on or after that day.

Section 176 of the Act

3. Paragraphs 6 to 8 of section 176 of the Act, as they read on and after the day section 12 of the 2012 amendments comes into force, apply only to policies issued on or after that day.

Section 177 of the Act

4. (1) Section 177 of the Act, as it reads on and after the day section 13 of the 2012 amendments comes into force, applies only to certificates and other documents issued under that section on or after that day.

(2) For certificates and other documents that were issued before the day referred to in subsection (1), section 177 of the Act, as it read immediately before that day, continues to apply.

Section 179 of the Act

5. (1) Section 179 of the Act, as it reads on and after the day section 14 of the 2012 amendments comes into force, applies only to contracts made on or after that day.

(2) For contracts that were made before the day referred to in subsection (1), section 179 of the Act, as it reads immediately before that day, continues to apply.

Section 183 of the Act

6. (1) Subsections 183 (2) and (3) of the Act, as they read on and after the day section 18 of the 2012 amendments comes into force, apply only to applications made on or after that day. 

(2) Subsections 183 (2) and (3) of the Act, as they read immediately before the day section 18 of the 2012 amendments comes into force, continue to apply to applications made before that day. 

Section 189.1 of the Act

7. Section 189.1 of the Act, as it reads on and after the day section 21 of the 2012 amendments comes into force, applies only with respect to the termination of a contract or benefit provision that occurs on or after that day. 

Section 201.1 of the Act

8. Section 201.1 of the Act, as it reads on and after the day section 27 of the 2012 amendments comes into force, applies only with respect to claims arising on or after the day that is two years before the day section 27 of the 2012 amendments comes into force.

9. Omitted (provides for coming into force of provisions of this Regulation).