This is an official version. Copyright © 2010: Queen's Printer, Important Information
Statutes of Newfoundland and Labrador 2010 1.
Ss.95.1 to 95.3 Added 2.
S.107 Amdt. Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows: RSNL1990 cI-10 1. The Insurance Companies Act is amended by adding immediately after section 95 the following: Application 95.1 Sections 95.2 and 95.3 apply to all classes of insurance except automobile insurance. Prohibited practices 95.2 An insurer shall not decline to issue, refuse to renew or terminate a contract or refuse to provide or continue coverage or an endorsement in respect of a contract on a ground prescribed in the regulations. Prohibited grounds 95.3 An insurer shall not use a ground in its risk classification system that is prohibited in the regulations. 2. Section 107 of the Act is amended by adding immediately after paragraph (e.1) the following: (e.2) prescribing the grounds an insurer is prohibited from using under section 95.2 to decline to issue, to refuse to renew or to terminate a contract or to refuse to provide or continue coverage or an endorsement in respect of a contract; (e.3) prescribing the grounds an insurer is prohibited from using under section 95.3 in a risk classification system; (e.4) for the purpose of paragraph (e.2) or (e.3), prescribing different prohibited grounds for different classes of insurance; ©Earl G. Tucker, Queen's Printer |