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Statutes of Newfoundland and Labrador 2010
AN ACT TO AMEND THE INSURANCE COMPANIES ACT
(Assented to June 24, 2010)
Ss.95.1 to 95.3 Added
Be it enacted by the Lieutenant-Governor and House of Assembly in Legislative Session convened, as follows:
1. The Insurance Companies Act is amended by adding immediately after section 95 the following:
95.1 Sections 95.2 and 95.3 apply to all classes of insurance except automobile insurance.
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.
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;
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