Insurance Companies Act

accident and sickness insuranceaccidents et maladie

accident and sickness insurance means insurance

• (a) against loss resulting from bodily injury to, or the death of, a person caused by an accident;

• (b) under which an insurer undertakes to pay a sum or sums of money in the event of bodily injury to, or the death of, a person caused by an accident;

• (c) against loss resulting from the sickness or disability of a person not caused by an accident, but excludes loss resulting from the death of the person as a consequence of sickness;

• (d) under which an insurer undertakes to pay a sum or sums of money in the event of the sickness or disability of a person not caused by an accident; or

• (e) under which an insurer undertakes to pay a sum of money in respect of the health care — including dental care and preventative care — of a person.

aircraft insuranceassurance-aviation

aircraft insurance means insurance against

• (a) liability arising out of bodily injury to, or the death of, a person, or the loss of, or damage to, property, in each case caused by an aircraft or the use of an aircraft; or

  • (b) the loss of, the loss of use of, or damage to, an aircraft.

automobile insuranceautomobile

automobile insurance means insurance

• (a) against liability arising out of bodily injury to, or the death of, a person, or the loss of, or damage to, property, in each case caused by an automobile or the use or operation of an automobile;

• (b) against the loss of, the loss of use of, or damage to, an automobile; or

• (c) that falls within paragraph (a) or (b) of the class of accident and sickness insurance, if the accident is caused by an automobile or the use or operation of an automobile, whether or not liability exists in respect of the accident, and the policy includes insurance against liability arising out of bodily injury to, or the death of, a person caused by an automobile or the use or operation of an automobile.

boiler and machinery insurancechaudières et panne de machines

boiler and machinery insurance means insurance

• (a) against liability arising out of bodily injury to, or the death of, a person, or the loss of, or damage to, property, or against the loss of, or damage to, property, in each case caused by the explosion or rupture of, or accident to, pressure vessels of any kind or pipes, engines and machinery connected to or operated by those pressure vessels; or

• (b) against liability arising out of bodily injury to, or the death of, a person, or the loss of, or damage to, property, or against the loss of, or damage to, property, in each case caused by a breakdown of machinery.

credit insurancecrédit

credit insurance means insurance against loss to a person who has granted credit if the loss is the result of the insolvency or default of the person to whom the credit was given.

credit protection insuranceprotection de crédit

credit protection insurance means insurance under which an insurer undertakes to pay off credit balances or debts of an individual, in whole or in part, in the event of an impairment or potential impairment in the individual’s income or ability to earn an income.

fidelity insurancedétournements

fidelity insurance means

• (a) insurance against loss caused by the theft, the abuse of trust or the unfaithful performance of duties, by a person in a position of trust; and

• (b) insurance under which an insurer undertakes to guarantee the proper fulfilment of the duties of an office.

fire insuranceincendie

fire insurance means insurance against the loss of, or damage to, property caused by fire, lightning, an explosion due to ignition, smoke or the breakage of, or the leakage from, a sprinkler or other fire protection equipment or system.

hail insurancegrêle

hail insurance means insurance against the loss of, or damage to, crops in the field caused by hail.

legal expense insurancefrais juridiques

legal expense insurance means insurance against the costs incurred by a person or persons for legal services specified in the policy, including any retainer and fees incurred for the services, and other costs incurred in respect of the provision of the services.

liability insuranceresponsabilité

liability insurance means insurance, other than insurance that falls within another class of insurance,

• (a) against liability arising out of bodily injury to, or the disability or death of, a person, including an employee;

• (b) against liability arising out of the loss of, or damage to, property; or

• (c) if the policy includes the insurance described in paragraph (a), against expenses arising out of bodily injury to a person other than the insured or a member of the insured’s family, whether or not liability exists.

life insuranceassurance-vie

life insurance

• (a) means any insurance that is payable

  • (i) on death,

    • (ii) on the happening of an event or contingency dependent on human life,

      • (iii) at a fixed or determinable future time, or

        • (iv) for a term dependent on human life; and

• (b) without restricting the generality of paragraph (a), includes insurance under which an insurer

  • (i) undertakes to pay an additional sum of money in the event of the death by accident of the person whose life is insured,

    • (ii) undertakes to pay a sum of money or to provide other benefits in the event that the person whose life is insured becomes disabled as a result of bodily injury or disease, or

      • (iii) undertakes to pay endowment funds at a fixed or determinable future time if the person whose life is insured is then alive, or at the person’s death if they die before that time.

loss of employment insuranceperte d’emploi

loss of employment insurance means insurance against the involuntary loss of employment by a person, the limit of which insurance is all or part of the debt of the person.

marine insurancemaritimes et fluviales

marine insurance means insurance against

• (a) liability arising out of

• (i) bodily injury to, or the death of, a person, or

• (ii) the loss of, or damage to, property, or

• (b) the loss of, or damage to, property,

occurring during a voyage or marine adventure at sea or on an inland waterway, or during a delay or a transit other than by water that is incidental to a voyage or marine adventure at sea or on an inland waterway.

mortgage insurancehypothèque

mortgage insurance means insurance against loss caused by default on the part of a borrower under a loan secured by a mortgage or charge on, or other security interest in, real property.

other approved products insuranceautres produits approuvés

other approved products insurance means insurance against risks that do not fall within another class of insurance.

property insuranceassurances de biens

property insurance means insurance against the loss of, or damage to, property and includes insurance against loss caused by forgery.

surety insurancecaution

surety insurance means insurance under which an insurer undertakes to guarantee the due performance of a contract or undertaking or the payment of a penalty or indemnity for any default.

title insurancetitres

title insurance means insurance against loss or damage caused by

• (a) the existence of a mortgage, charge, lien, encumbrance, servitude or any other restriction on real property;

• (b) the existence of a mortgage, charge, lien, pledge, encumbrance or any other restriction on personal property;

• (c) a defect in any document that evidences the creation of any restriction referred to in paragraph (a) or (b);

• (d) a defect in the title to property; or

• (e) any other matter affecting the title to property or affecting the right to the use and enjoyment of property.