A-32.1, r. 1 - Regulation under the Act respecting insurance

Section 27 Disposition versions

2012-09-01

27. Insurance in the “liability insurance” class is insurance whereby the insurer offers protection against the financial consequences of liability incurred by the insured for damage to a third person by reason of an injurious act. It includes insurance providing one or more of the following protections:

(1)  protection against liability arising out of bodily injury or damage to property sustained by third persons, excluding the employees of the insured;

(2)  protection whereby the insurer undertakes to indemnify in the event of an accident, whether liability exists or not, against damage sustained by a person neither living with the insured or on the insured premises, if the protection is provided for in a policy that also includes the protection referred to in subparagraph 1;

(3)  protection against the liability of an employer arising out of bodily injury sustained by employees in the performance of their duties;

(4)  protection whereby the insurer undertakes to indemnify in the event of an accident, whether liability exists or not, against damage sustained by employees in the performance of their duties, if the protection is provided for in a policy that also includes the protection referred to in subparagraph 3.

This class of insurance does not include liability covered by automobile insurance, aircraft insurance or boiler and machinery insurance.

O.C. 887-2009, s. 27.