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Searching Content indexed under Insurance Laws and Products by Cassels Brock ordered by Published Date Descending.
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1
Good News For Auto Lessors In Ontario: Motor Vehicles Used For Ride Sharing May Be Covered By The Vicarious Liability Cap
The Ontario government recently introduced Bill 107 (the Getting Ontario Moving Act) which, among its various provisions, provides a cap on the liability of lessor of motor vehicles used
Canada
28 May 2019
2
Cyber Breaches: OSFI Demands The Details
On January 24, 2019, the Office of the Superintendent of Financial Institutions (OSFI) issued a new advisory on Technology and Cyber Security Incident Reporting (the Advisory).
Canada
26 Apr 2019
3
Risky Business - Opportunities And Challenges For Growth In The Crypto Insurance Market
On March 14, 2019, the CSA and IIROC jointly published a consultation paper regarding the development of a regulatory framework for crypto-asset trading platforms in Canada.
Canada
26 Mar 2019
4
OSFI Issues Final Corporate Governance Guideline
The Office of the Superintendent of Financial Institutions (OSFI) recently published the final revised version of its Corporate Governance Guideline (dated September 2018) (the Revised Guideline).
Canada
28 Sep 2018
5
The Tax Implications Of Rep And Warranty Insurance
In purchase and sale transactions, the parties can obtain insurance to compensate them for financial loss arising from inaccuracies in the representations and warranties made in the purchase agreement.
Canada
2 Sep 2018
6
What Happens In Vegas … May Be Misconduct For A RIBO Broker
On Tuesday, the Registered Insurance Brokers of Ontario (RIBO) released a notice to its members and stakeholders regarding changes to the Registered Insurance Brokers Act (RIB Act) ...
Canada
17 Apr 2018
7
Requirements For Anti-Spam Compliance For Insurers
This was welcome news for many industries. The private right of action presented a new risk of significant statutory damages and potential class action lawsuits for minor and technical breaches of CASL.
Canada
27 Jun 2017
8
Maximum Delays & Fair Value: Changes To The Repair And Storage Lien Act To Take Effect July 1, 2016
On July 1, 2016, changes to the Repair and Storage Lien Act, R.S.O., 1990, c. R.25 will take effect that relate to fees a storer or repairer of motor vehicles can claim under the RSLA.
Canada
24 Feb 2016
9
Property & Casualty Insurance Company Conversion Update: OSFI Publishes Application Guide To Clarify Regulatory Requirements
On December 29, 2015, the Office of the Superintendent of Financial Institutions issued a Guide for the Demutualization of Mutual Property and Casualty Insurance Companies with Non-mutual Policyholders.
Canada
8 Jan 2016
10
Proposed Regulations For Mutual Property And Casualty Insurance Company Conversion
Although the Act already contemplates the demutualization of both mutual life and P&C insurance companies, regulations for P&C companies do not currently exist.
Canada
20 Mar 2015
11
Government Of Canada Introduces Legislation Relating To Transportation Of Dangerous Goods By Rail: New Insurance Requirements And Compensation Regime
On February 20, 2015, the Government of Canada introduced the Safe and Accountable Rail Act, detailing proposed amendments to federal railway legislation, including the Canada Transportation Act
Canada
3 Mar 2015
12
Manitoba Insurance Act 2015 Amendments
Heading into the new year, the need to streamline and harmonize insurance regulation across Canada continues to be an industry priority.
Canada
13 Jan 2015
13
CASL Is Here – Now What? Practical Issues For Insurers And Brokers
Broadly speaking, CASL is a complex piece of legislation which is often ambiguous and contains a multiplicity of exemptions and implied consents.
Canada
9 Jul 2014
14
Negative Option Billing: What Brokers Need To Know (Canadian Insurance Top Broker)
The article "Negative Option Billing: What Brokers Need to Know" by Nilanka Maldeniya was recently published by Canadian Insurance Top Broker magazine as a special report.
Canada
18 Jul 2013
15
British Columbia To Life Insurers: "Take Control Of Your Life ... Distribution"
The Financial Institutions Commission of British Columbia recently issued for comment its draft Managing General Agents Guideline.
Canada
3 Jul 2013
16
Manitoba Exempts Insurers From Negative Option Marketing Laws
Negative option marketing occurs when a business provides a consumer with goods or services that the consumer did not ask for, and requires the consumer to pay for the goods or services unless the consumer informs the business that he/she does not want them.
Canada
28 Jun 2013
17
Oversight Overhaul
On January 28, 2013, the Office of the Superintendent of Financial Institutions for Canada released the final version of its revised Guideline on Corporate Governance: Sound Business and Financial Practices which sets out OSFI's expectations for corporate governance of federally regulated financial institutions.
Canada
21 Jun 2013
18
OSFI Opens The Door To MCT And BAAT Discussions
On May 24, 2013, following an in-depth review of the regulatory capital framework for federally regulated Property & Casualty insurers, the Office of the Superintendent of Financial Institutions released a discussion paper.
Canada
4 Jun 2013
19
Got Questions? - FSCO Publishes Licensing FAQs For Insurance Agents And Adjusters
If you have ever wondered about the educational requirements to become a general insurance agent in Ontario or how to renew a corporate insurance adjuster licence, the answers to those and similar questions are now much easier to obtain.
Canada
7 May 2013
20
OSFI Finalizes Earthquake Exposure Sound Practices
Last week we issued an e-lert commenting on the key principles set out in the draft Guideline published in August 2012.
Canada
7 Mar 2013
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