Insurance Business (Cooperative Credit Associations) Regulations (SOR/2003-300)
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Regulations are current to 2013-04-29 and last amended on 2012-03-01. Previous Versions
WEB PROMOTION
6.1 (1) The promotion referred to in paragraph 5(b) may take place on an association web page if it relates to an insurance company, agent or broker that deals only in authorized types of insurance and the promotion referred to in paragraph 6(1)(d) or (f) may take place on an association web page if it relates to only an authorized type of insurance.
(2) However, an association shall not, on an association web page, provide access to a web page — directly or through another web page — through which there is promotion of
(a) an insurance company, agent or broker that does not deal only in authorized types of insurance; or
(b) an insurance policy of an insurance company, agent or broker, or a service in respect of such a policy, that is not of only an authorized type of insurance.
- SOR/2011-185, s. 5.
PROHIBITED ACTIVITIES
7. (1) No association shall
(a) directly or indirectly provide to an insurance company, agent or broker any information respecting
(i) a customer in Canada of a body corporate that is a member of the association,
(ii) a customer of the association in Canada, if it is a retail association,
(iii) an employee of a customer referred to in subparagraphs (i) or (ii),
(iv) if a customer referred to in subparagraphs (i) or (ii) is an entity with members in Canada, any such member, or
(v) if a customer referred to in subparagraph (i) or (ii) is a partnership with partners in Canada, any such partner;
(b) permit any of its subsidiaries to directly or indirectly provide to an insurance company, agent or broker any information that the subsidiary receives from the association respecting a person referred to in any of subparagraphs (a)(i) to (v); or
(c) permit a subsidiary of the association that is a trust or loan corporation incorporated by or under an Act of the legislature of a province to directly or indirectly provide to an insurance company, agent or broker any information respecting
(i) a customer in Canada of the subsidiary,
(ii) an employee of a customer referred to in subparagraph (i),
(iii) if a customer referred to in subparagraph (i) is an entity with members in Canada, any such member, or
(iv) if a customer referred to in subparagraph (i) is a partnership with partners in Canada, any such partner.
(2) Subsection (1) does not apply in respect of an association, or a subsidiary of an association that is a trust or loan corporation incorporated by or under an Act of the legislature of a province, if
(a) the association or subsidiary has established procedures to ensure that the information referred to in that subsection will not be used by an insurance company, agent or broker to promote, in Canada, the company, agent or broker, an insurance policy or a service in respect of an insurance policy; and
(b) the insurance company, agent or broker, as the case may be, has given an undertaking to the association or subsidiary, in a form acceptable to the Superintendent, that the information will not be used to promote in Canada the insurance company, agent or broker, an insurance policy or a service in respect of an insurance policy.
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