O. Reg. 46/05: AUTOMOBILE INSURANCE

 

ontario regulation 46/05

made under the

Insurance Act

Made: February 16, 2005
Filed: February 18, 2005
Printed in The Ontario Gazette: March 5, 2005

Amending Reg. 664 of R.R.O. 1990

(Automobile Insurance)

1. Subsection 5 (2) of Regulation 664 of the Revised Regulations of Ontario, 1990 is amended by adding the following clauses:

(d.1) the employment history of a person who would be an insured person under the contract;

(d.2) the fact whether a person who would be an insured person under the contract has a credit card;

(d.3) the credit history of a person who would be an insured person under the contract;

(d.4) the credit rating of a person who would be an insured person under the contract;

(d.5) the fact whether a person who would be an insured person under the contract is bankrupt or has a history of bankruptcy;

(d.6) the residence history of a person who would be an insured person under the contract;

(d.7) the fact whether a person who would be an insured person under the contract owns a home;

(d.8) the gross or net worth of a person who would be an insured person under the contract;

(d.9) the indebtedness of a person who would be an insured person under the contract;

(d.10) the fact whether a person who would be an insured person under the contract has made premium payments that were late or dishonoured in respect of a contract of automobile insurance that was not terminated by reason of the late or dishonoured payments;

2. Section 16 of the Regulation is amended by adding the following subsection:

(4.2) Except as permitted under subsection (5), no element of a risk classification system shall use any of the following factors:

1. The level of income of a person who would be an insured person under the contract.

2. The employment history of a person who would be an insured person under the contract.

3. The occupation, profession or employment circumstances of a person who would be an insured person under the contract, unless the contract is in respect of a commercial vehicle or a public vehicle or a vehicle used in the course of carrying on a business, trade or profession.

4. The fact whether a person who would be an insured person under the contract has a credit card.

5. The credit history of a person who would be an insured person under the contract.

6. The credit rating of a person who would be an insured person under the contract.

7. The fact whether a person who would be an insured person under the contract is bankrupt or has a history of bankruptcy.

8. The residence history of a person who would be an insured person under the contract.

9. The fact whether a person who would be an insured person under the contract owns a home.

10. The gross or net worth of a person who would be an insured person under the contract.

11. The indebtedness of a person who would be an insured person under the contract.

12. The fact whether a person who would be an insured person under the contract has made premium payments that were late or dishonoured in respect of a contract of automobile insurance that was not terminated by reason of the late or dishonoured payments.