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Insurance Business (Banks and Bank Holding Companies) Regulations

Version of section 6 from 2012-03-01 to 2024-11-26:


 A bank shall not, in relation to its business in Canada, promote an insurance company, agent or broker unless

  • (a) the company, agent or broker deals only in authorized types of insurance; or

  • (b) the promotion takes place outside a branch of the bank and is directed to

    • (i) all the holders of credit or charge cards issued by the bank who regularly receive statements of account or notices of those statements,

    • (ii) all the bank’s customers who are natural persons and who regularly receive statements of account or notices of those statements, or

    • (iii) the general public.

  • SOR/2011-183, s. 4

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