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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