O. Reg. 125/19: REPLACEMENT OF LIFE INSURANCE CONTRACTS

 

ontario regulation 125/19

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 Reg. 674 of R.R.O. 1990

(REPLACEMENT OF LIFE INSURANCE CONTRACTS)

1. (1) Subparagraph 2 i of subsection 2 (2) of Regulation 674 of the Revised Regulations of Ontario, 1990 is amended by striking out “Superintendent” at the end and substituting “Chief Executive Officer”.

(2) Section 2 of the Regulation is amended by adding the following subsection:

(5) The reference in subparagraph 2 i of subsection (2) to a form approved by the Chief Executive Officer is deemed to include the last form approved by the Superintendent for the purposes of that provision 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 provision. 

Commencement

2. 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.