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Auto & Home Insurance

On January 1, 2016, the Ontario Regulation is amended by adding the following section: (See: O. Reg. 277/15, s. 2)

Web promotion 42.1

(1) A credit union shall not, on a credit union website, directly or indirectly promote, or provide access to another website that promotes, (a) an insurer, agent or broker that deals in a type of insurance that is not an authorized type of insurance; or (b) an insurance policy of an insurer, agent or broker, or a service in respect of such a policy, that provides a type of insurance that is not an authorized type of insurance. O. Reg. 277/15, s. 2.

(2) A credit union shall not engage in a promotion described in clause 42 (1) (b) on a credit union website unless the promotion relates to an insurer, agent or broker that deals only in authorized types of insurance. O. Reg. 277/15, s. 2.

(3) A credit union shall not engage in a promotion described in clause 42 (2) (d) on a credit union website unless the promotion relates to a policy of an authorized type of insurance. O. Reg. 277/15, s. 2.

For further information please see the following:
http://www.fsco.gov.on.ca/en/creditunions/Bulletins/Pages/cucp-01-15.aspx

If you have any questions or comments please contact:
Ministry of Finance; http://www.fin.gov.on.ca/en/contact/index.html Financial Services Commission of Ontario; contactcentre@fsco.gov.on.ca.


 

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2017 Ontario Educational Credit Union
Suite 1, 6435 Edwards Blvd. | Mississauga, Ontario Canada L5T 2P7 | Tel: (905) 795-1637