Important: This version of the e-Laws website will be upgraded to a new version in the coming weeks.
You can try the beta version of the new e-Laws at ontario.ca/laws-beta.
O. Reg. 122/22: RELATED PARTIES - PART XVII.1 OF THE ACT
filed February 28, 2022 under Insurance Act, R.S.O. 1990, c. I.8
Skip to contentontario regulation 122/22
made under the
Insurance Act
Made: February 24, 2022
Filed: February 28, 2022
Published on e-Laws: February 28, 2022
Printed in The Ontario Gazette: March 19, 2022
Amending O. Reg. 130/08
(RELATED PARTIES - PART XVII.1 OF THE ACT)
1. Section 1 of Ontario Regulation 130/08 is revoked and the following substituted:
Exemption: prescribed holding company
1. For the purposes of clause 437.13 (2) (c) of the Act, a credit union or central within the meaning of the Credit Unions and Caisses Populaires Act, 2020 or a predecessor of that Act that is a holding company of an insurer is prescribed not to be a related party in respect of the insurer.
Commencement
2. This Regulation comes into force on the later of the day section 1 of Schedule 7 (Credit Unions and Caisses Populaires Act, 2020) to the Protect, Support and Recover from COVID-19 Act (Budget Measures), 2020 comes into force and the day this Regulation is filed.