D-9.2, r. 16.1 - Regulation respecting Alternative Distribution Methods

Section 20 Disposition versions

2019-06-13

20. Before offering an insurance product through a distributor, the insurer must, in addition to the information required under section 66 of the Insurers Act (chapter A-32.1), disclose the following information to the Authority:

(1)  the name and contact information of the third party to which the insurer has entrusted the performance of the obligations of an insurer with respect to the distribution of a product through a distributor, if applicable;

(2)  the hyperlink or any other means to access the distributor’s offer through the Internet, if applicable;

(3)  the contact information of the insurer’s assistance service referred to in section 27.

The insurer must notify the Authority of any change to the above information within 30 days of such change.

An insurer that removes a distributor from its list of distributors must indicate to the Authority the reasons for such removal.

M.O. 2019-05, s. 20.

Not in force

In force: 2019-06-13

20. Before offering an insurance product through a distributor, the insurer must, in addition to the information required under section 66 of the Insurers Act (chapter A-32.1), disclose the following information to the Authority:

(1)  the name and contact information of the third party to which the insurer has entrusted the performance of the obligations of an insurer with respect to the distribution of a product through a distributor, if applicable;

(2)  the hyperlink or any other means to access the distributor’s offer through the Internet, if applicable;

(3)  the contact information of the insurer’s assistance service referred to in section 27.

The insurer must notify the Authority of any change to the above information within 30 days of such change.

An insurer that removes a distributor from its list of distributors must indicate to the Authority the reasons for such removal.

M.O. 2019-05, s. 20.