S.M. 1994, c. 16

The Insurance Amendment Act

(Assented to July 5, 1994)

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Manitoba, enacts as follows:

C.C.S.M. c. I40 amended

1           The Insurance Act is amended by this Act.

2           Subsection 76(2) is amended by adding ", trust company, credit union or caisse populaire"

(a) at the end of the section heading; and

(b) at the end of the subsection.

3           Subsection 385(9) is amended

(a) by striking out "or" at the end of clauses (a), (c) and (d);

(b) by adding "or" at the end of clause (e) and by adding the following after clause (e):

(f) a licensed general insurance agent in the adjustment of a first party claim, where

(i) the value of the claim is $2,500. or less,

(ii) the claim arises under a policy that was sold by the agent or by an agency of which the agent is a member, and

(iii) the agent or agency has received authorization to act as an adjuster from the insurer that issued the policy.

Coming into force

4           This Act comes into force on the day it receives royal assent.