Ontario Insurance Act

Ontario Insurance Act

Please take note of the following important developments pertaining to our industry.

Amendments to the Ontario Insurance Act Effective July 1, 2016

Changes are being made to the Ontario Insurance Act. These changes are similar to those made in Alberta, British Columbia and Manitoba in recent years, but with some key differences. We have reviewed all of our policies to ensure we have a continued compliant approach. Please find information below for the action required per product as a result of these changes. Also note that we will provide each partner impacted by these changes with a detailed email in the coming days.

 

INDIVIDUAL PRODUCT LINES:

  • Medi-Select Advantage Travel Insurance
  • Visitors to Canada Travel Insurance
  • Emergency Medical Travel Insurance for International Students
  • International Student Health Insurance 
  • Multi-Trip Travel Insurance

Due to changes made to the Ontario Insurance Act, policy endorsements will be required for policies issued to Ontario residents on or after July 1, 2016. The endorsements will be required up until the time that policies have been updated to reflect the amendments to the Ontario Insurance Act.  If you are issuing policies for any sales in Ontario, please ensure that you attach this endorsement to the policy.

The endorsement can be found here: 
ENDORSEMENT (01 01 END ECA 0716 ONT)

 

INDIVIDUAL PRODUCT LINES:

  • Globetrek Travel Insurance
  • Inpatriate Health Insurance
  • Individual Expatriate Health Insurance

Due to changes made to the Ontario Insurance Act, new policy endorsements will be required for all policies issued across Canada on or after July 1, 2016. These endorsements will also replace the Alberta, British Columbia and Manitoba endorsements. These endorsements will be required up until the time that all policies have been updated to reflect the amendments to the Insurance Act.  If you are issuing policies for any sales in Canada, please ensure that you attach this endorsement to the policy.

The endorsement can be found here: 
ENDORSEMENT (01 01 END ECA 0716 IND)

 

GROUP INSURANCE PRODUCTS:

  • Group Travel Insurance
  • Expatriate Group Insurance

Due to changes made to the Ontario Insurance Act, policy endorsements and notices will be updated for all policies and renewals issued on or after July 1, 2016. The endorsements will be required up until the time that all policies have been updated to reflect the amendments to the Insurance Act.  Please note that we will be providing all necessary material for policyholders and insured persons at time of renewal or when a new policy is issued. 

The endorsement and notice can be found here: 
ENDORSEMENT  (01 01 END ECA 0716 GRP) 
NOTICE  (01 01 NOT ECA 0716 GRP)

 

Please contact Client Services at 1-888-830-7460 should you have any questions about the upcoming changes. As one of Canada’s leading providers of travel and health insurance solutions, we value your business and thank you for your support.