ontario regulation 150/20

made under the

Insurance Act

Made: April 14, 2020
Filed: April 15, 2020
Published on e-Laws: April 15, 2020
Printed in The Ontario Gazette: May 2, 2020

Amending O. Reg. 7/00

(UNFAIR OR DECEPTIVE ACTS OR PRACTICES)

1. Section 2 of Ontario Regulation 7/00 is amended by adding the following subsections:

(3) Despite paragraphs 1 to 3 of subsection (1), a rebate of all or part of an automobile insurance premium is not prescribed as an unfair or deceptive act or practice if,

(a) an emergency is declared under the Emergency Management and Civil Protection Act;

(b) the rebate is issued in response to the declared emergency; and

(c) the insurer files an undertaking with the Chief Executive Officer, in the form approved by the Chief Executive Officer.

(4) Subsection (3) applies from the day an emergency is declared under the Emergency Management and Civil Protection Act to the day that is one year after the day on which the declared emergency is terminated under that Act.

Commencement

2. This Regulation comes into force on the day it is filed.