BILL NO. 63
(as introduced)
2nd Session, 59th General Assembly
Nova Scotia
55 Elizabeth II, 2006
Insurance Act
(amended)
Darrell Dexter
Cole Harbour
First Reading: May 10, 2006
Second Reading:
Third Reading:
Explanatory Note
This Bill requires an insurance company that provides homeowners insurance to file all rate applications with the Nova Scotia Insurance Review Board for approval.
An Act to Amend Chapter 231
of the Revised Statutes, 1989,
the Insurance Act
1 Chapter 231 of the Revised Statutes, 1989, the Insurance Act, is amended by adding immediately after Section 17 the following Section:
17A (1) In this Section, "homeowners insurance" means insurance for homeowners for damage to real property, for homeowners and tenants for damage to or loss of personal property and for homeowners and tenants for liability for injuries or property damage to others, and in this subsection homeowner or tenant includes other members of the homeowner's or tenant's household.
(2) An insurer licensed to issue a contract under this Act with respect to homeowners insurance shall file all rate applications with the Board.
(3) Sections 155E to 155K apply mutatis mutandis to a rate application filed with the Board pursuant to subsection (2).
This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2006 Crown in right of Nova Scotia. Created May 12, 2006. Send comments to legc.office@novascotia.ca.
