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Ontario wants to eliminate the zip code as a determining factor in automobile insurance

by

Andrea Lubeck

16 October 2018 13:30

Photo : Freepik

The mpp, ontario Parm Gill has presented yesterday the project of law 42 to the legislative Assembly of Ontario to ensure that the postal code is no longer used as a determinant of risk in automobile insurance.

The bill is entitled an Act to amend the 2003 Law on the stabilisation of rates of car insurance and the insurance Act as regards the elimination of discrimination in respect of automobile insurance. The legal document is at the first reading.

The BAC welcomes the initiative

The insurance Bureau of Canada has welcomed the bill, which would modernize ” the current laws that are outdated and do not reflect the realities of the drivers of today “.

“Ontario drivers are hoping for a better regulatory environment. The automobile insurers in Ontario are actively looking for a regulatory modernized to meet the needs of motorists in ontario. We are committed to working with the government to improve the automobile insurance in this province, ” points out Kim Donaldson, vice-president, Ontario, for the IBC.

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