Act

Individual Variable Insurance Contracts Consumer Protection

Regulation Number(s):
O.Reg 132/97
Instrument Type:
Act
Bill or Act:
Insurance Act
Summary of Decision:
The amendments improve point of sale consumer protection for purchasers of individual variable insurance contracts by requiring better point of sale disclosure and a cooling off period.
Further Information:
Proposal Number:
10-MOF029
Posting Date:
September 23, 2010
Summary of Proposal:
The amendments improve point of sale consumer protection for purchasers of individual variable insurance contracts by requiring better point of sale disclosure and a cooling off period.
Contact Address:
Cathryn MacFarlane
Senior Manager
Industrial & Financial Policy Branch
Ministry of Finance
Frost Building North, 4th Floor
95 Grosvenor Street
Toronto, ON M7A 1Z1

Fax: 416-325-1187
Effective Date:
July 1, 2010
Decision:
Approved