Bill 108 explained in plain English
Homeowners Insurance Credit Scoring Ban Act, 2012
Ontario legislature bill summary, status, timeline, sponsor, votes, and official sources.
At a glance
Official Legislative Assembly of Ontario snapshot for 40th Parliament, 1st Session. Representative vote breakdowns appear when the Assembly publishes an Ayes and Nays page for the bill.
Our plain-language take, written for civic education.
Source: By PoliticalData.ca
Bill 108 amends the Insurance Act to ban the use of credit history and ratings by insurers for homeowners, condominium, and tenant insurance.
This bill, known as the Homeowners Insurance Credit Scoring Ban Act, 2012, aims to prohibit insurance companies from using a person's credit history or credit rating when providing or determining rates for homeowners, condominium, and tenant insurance. It amends the Insurance Act to achieve this.
- Amends the Insurance Act to prohibit insurers from using an individual's credit history or credit rating.
- Prohibits insurers from using credit history or ratings when deciding whether to issue, renew, or terminate a contract, or when providing coverage for homeowners, condominium, and tenant insurance.
- Prohibits insurers from using credit history or ratings to classify risks and determine rates for homeowners, condominium, and tenant insurance.
- Empowers the Lieutenant Governor in Council to make regulations to define 'homeowners insurance', 'condominium insurance', and 'tenant insurance' for the purposes of the Act.
- Insurers providing homeowners, condominium, and tenant insurance.
- Individuals seeking or holding homeowners, condominium, and tenant insurance.
- Insurers are prohibited from using credit history or credit ratings for decisions related to issuing, terminating, renewing, or providing coverage for personal property insurance.
- Insurers are prohibited from using credit history or credit ratings to classify risks or determine rates for personal property insurance.
- Individuals are protected from having their credit history or rating used against them in personal property insurance applications or renewals.
- The Act comes into force on the day it receives Royal Assent.
- The bill does not specify the exact penalties for non-compliance.
- The bill allows for regulations to define specific types of personal property insurance, meaning the precise scope may be further detailed in future regulations.
Adds a new section (439.1) that prohibits insurers from using credit history or credit rating when issuing, terminating, renewing, or providing coverage for personal property insurance. It also prohibits the use of credit history or ratings for classifying risks and determining rates for this type of insurance. It also amends Section 438 to include definitions related to personal property insurance.
Source: Sections 1 and 2
Amends this section to add a definition for 'personal property insurance' and allows the Lieutenant Governor in Council to define 'homeowners insurance', 'condominium insurance', and 'tenant insurance'. It also amends the definition of 'unfair or deceptive acts or practices' to include references to the new section 439.1.
Source: Section 1
This new section explicitly bans insurers from using credit history or credit ratings for personal property insurance, including homeowners, condominium, and tenant insurance, in decisions about issuing, terminating, renewing contracts, providing coverage, classifying risks, or setting rates.
Source: Section 2
Generated using AI from official bill text. Not legal advice. It is written by PoliticalData.ca for civic education, automatically checked and spot-reviewed before publishing.
Official textProcess Snapshot
Vote Summary
This bill is still active. We only show vote counts after the legislature publishes a recorded division.
No published representative vote breakdown
This bill is still moving through the process. When a recorded division is published, representative positions can be listed here.
Official sources
Status, sponsor, votes, and timeline on this page are drawn from these official legislative sources and public records. Each summary above is attributed to its own source.
How this data is sourced