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ONTARIO REGULATION 408/12
made under the
INSURANCE ACT
Made: December 12, 2012
Filed: December 14, 2012
Published on e-Laws: December 17, 2012
Printed in The Ontario Gazette: December 29, 2012
ADMINISTRATIVE PENALTIES
Interpretation
Interpretation
1. A provision that is listed or set out in a schedule to this Regulation without reference to a statute or regulation is a provision of the Act.
General Administrative Penalties Imposed under Section 441.3 of the Act
Prescribed provisions
2. The provisions of the Act or of a regulation that are listed in Schedules 1 and 2 are prescribed for the purpose of imposing a general administrative penalty under section 441.3 of the Act.
Maximum penalty
3. (1) The maximum penalty that may be imposed under section 441.3 of the Act for a contravention of or failure to comply with a requirement imposed by a provision listed in Schedule 1 is the maximum amount specified in subsection 441.5 (1) of the Act.
(2) The maximum penalty that may be imposed under section 441.3 of the Act for a contravention of or failure to comply with a requirement imposed by a provision listed in Schedule 2 is,
(a) $100,000 for a person other than an individual;
(b) $50,000 for an individual.
Determination of amount of penalty
4. (1) The Superintendent is authorized to determine the amount of a penalty imposed under section 441.3 of the Act, subject to the limits set out in section 3.
(2) The Superintendent shall consider only the following criteria when determining the amount of an administrative penalty to be imposed under section 441.3 of the Act for a purpose set out in section 441.2 of the Act:
1. The degree to which the contravention or failure was intentional, reckless or negligent.
2. The extent of the harm or potential harm to others resulting from the contravention or failure.
3. The extent to which the person tried to mitigate any loss or to take other remedial action.
4. The extent to which the person derived or reasonably might have expected to derive, directly or indirectly, any economic benefit from the contravention or failure.
5. Any other contraventions of or failures to comply with a requirement established under the Act or with any other financial services legislation of Ontario or of any jurisdiction during the preceding five years by the person.
Deadline for paying penalty
5. (1) A person on whom a penalty has been imposed under section 441.3 of the Act shall pay the penalty no later than 30 days after the person is given notice of the order imposing the penalty or such longer time as may be specified in the order.
(2) If a person requests a hearing on the notice of a proposal to impose a penalty in accordance with subsection 441.3 (5) of the Act, the person shall pay the penalty no later than 30 days after the matter is finally determined or such longer time as may be specified in the order.
Summary Administrative Penalties Imposed under Section 441.4 of the Act
Prescribed provisions
6. The provisions of the Act or of a regulation that are set out in Column 1 of Schedule 3 and the provisions of the Act that are listed in Schedule 4 are prescribed for the purpose of imposing a summary administrative penalty under section 441.4 of the Act.
Amount of penalty
7. The amount that is set out in Column 2 of Schedule 3 opposite a provision set out in Column 1 of Schedule 3 is the penalty that may be imposed under section 441.4 of the Act for a contravention of or failure to comply with a requirement imposed by that provision.
Daily penalty
8. (1) Subject to subsection (2), the Superintendent may impose a penalty of $250 for each day or part of a day on which a contravention of or failure to comply with a requirement imposed by a provision listed in Schedule 4 occurs or continues.
(2) The maximum penalty that may be imposed under section 441.4 of the Act for a contravention of or failure to comply with a requirement imposed by a provision listed in Schedule 4 is the maximum amount specified in subsection 441.5 (2) of the Act.
Deadline for paying penalty
9. (1) A person on whom a penalty has been imposed under section 441.4 of the Act shall pay the penalty no later than 30 days after the person is given notice of the order imposing the penalty or such longer time as may be specified in the order.
(2) If a person appeals the Superintendent’s order in accordance with subsection 441.4 (4) of the Act, the person shall pay the penalty no later than 30 days after the matter is finally determined or such longer time as may be specified in the varied or confirmed order.
Commencement
Commencement
10. This Regulation comes into force on the later of the day subsection 3 (2) of Schedule 23 to the Strong Action for Ontario Act (Budget Measures), 2012 comes into force and the day this Regulation is filed.
SCHEDULE 1
GENERAL ADMINISTRATIVE PENALTIES IMPOSED UNDER SECTION 441.3 OF THE ACT —
MAXIMUM PENALTY SPECIFIED IN ACT
Item
Provision
1.
section 29
2.
subsection 31 (1)
3.
subsection 40 (1)
4.
subsection 40 (2)
5.
subsection 40 (3)
6.
subsection 40 (4)
7.
subsection 40 (6)
8.
subsection 40 (7)
9.
subsection 65.1 (2)
10.
subsection 102 (8)
11.
subsection 102 (11)
12.
subsection 110 (2)
13.
clause 110 (6) (a)
14.
clause 110 (6) (b)
15.
section 115
16.
subsection 117 (1)
17.
subsection 117 (3)
18.
subsection 237 (1)
19.
subsection 237 (2)
20.
subsection 238 (1)
21.
subsection 393 (23)
22.
section 395
23.
subsection 413.1 (1)
24.
subsection 417 (1)
25.
subsection 417 (2)
26.
section 439, paragraph 2 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
27.
section 439, paragraph 3 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
28.
section 439, paragraph 4 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
29.
section 439, paragraph 5 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
30.
section 439, paragraph 6 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
31.
section 439, paragraph 7 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
32.
section 439, paragraph 8 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
33.
section 439, paragraph 9 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
34.
section 439, paragraph 10 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
35.
section 439, paragraph 11 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
36.
section 439, paragraph 12 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
37.
section 439, paragraph 13 of section 1 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
38.
section 439, section 2 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
39.
section 439, section 3 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
40.
section 439, section 5 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
41.
section 439, section 6 of O. Reg. 7/00 (Unfair or Deceptive Acts or Practices)
42.
section 439, section 5 of O. Reg. 132/97 (Variable Insurance Contracts)
43.
section 439, section 6 of O. Reg. 132/97 (Variable Insurance Contracts)
44.
section 439, section 8 of O. Reg. 132/97 (Variable Insurance Contracts)
45.
clause 447 (2) (a)
46.
clause 447 (2) (a.1)
47.
clause 447 (2) (a.2)
48.
clause 447 (2) (a.3)
49.
section 2 of O. Reg 347/04 (Agents)
50.
section 12 of O. Reg. 347/04 (Agents)
51.
section 17 of O. Reg. 347/04 (Agents)
52.
subsection 2.1 (2) of O. Reg. 283/95 (Disputes Between Insurers)
53.
subsection 2.1 (3) of O. Reg. 283/95 (Disputes Between Insurers)
54.
subsection 2.1 (5) of O. Reg. 283/95 (Disputes Between Insurers)
55.
subsection 2.1 (6) of O. Reg. 283/95 (Disputes Between Insurers)
56.
subsection 2.1 (7) of O. Reg. 283/95 (Disputes Between Insurers)
57.
subsection 3.1 (2) of O. Reg. 283/95 (Disputes Between Insurers)
SCHEDULE 2
GENERAL ADMINISTRATIVE PENALTIES IMPOSED UNDER SECTION 441.3 OF THE ACT —
LESSER MAXIMUM PENALTIES PRESCRIBED
Item
Provision
1.
section 105
2.
section 106
3.
subsection 109 (1)
4.
subsection 110 (5)
5.
section 111
6.
section 121.15
7.
subsection 227 (1)
8.
subsection 227 (7)
9.
section 228
10.
subsection 232 (8)
11.
section 371
12.
subsection 397 (7)
13.
subsection 400 (9)
14.
section 401
15.
section 403
16.
subsection 413.1 (2)
17.
subsection 417.0.1 (1)
18.
subsection 417.0.1 (3)
19.
section 439, section 7 of O. Reg. 132/97 (Variable Insurance Contracts)
20.
section 439, clause 9 (a) of O. Reg. 132/97 (Variable Insurance Contracts)
21.
section 439, clause 9 (b) of O. Reg. 132/97 (Variable Insurance Contracts)
22.
section 439, clause 9 (c) of O. Reg. 132/97 (Variable Insurance Contracts)
23.
section 439, section 9.1 of O. Reg. 132/97 (Variable Insurance Contracts)
24.
subsection 445 (1)
25.
subsection 445 (2)
26.
section 13 of O. Reg. 347/04 (Agents)
27.
section 16 of O. Reg. 347/04 (Agents)
SCHEDULE 3
SUMMARY ADMINISTRATIVE PENALTIES IMPOSED UNDER SECTION 441.4 OF THE ACT —
PRESCRIBED PENALTY
Item
Column 1 — Provision
Column 2 — Penalty
1.
subsection 35 (2)
$1,000
2.
section 51
$1,000
3.
subsection 54 (7)
$1,000
4.
subsection 101 (4)
$1,000
5.
section 121.5
$1,000
6.
subsection 121.8 (2)
$1,000
7.
section 121.10
$1,000
8.
section 121.11
$1,000
9.
section 147
$1,000
10.
subsection 174 (4)
$1,000
11.
section 177
$1,000
12.
subsection 229 (1)
$1,000
13.
subsection 230 (1)
$1,000
14.
subsection 230 (2)
$1,000
15.
subsection 230 (3)
$1,000
16.
subsection 232 (5.2)
$1,000
17.
section 232.1
$1,000
18.
subsection 236 (1)
$3,000
19.
subsection 236 (2)
$3,000
20.
subsection 236 (3)
$3,000
21.
subsection 346 (1)
$1,000
22.
section 355
$1,000
23.
subsection 393 (7)
$1,000
24.
subsection 399 (2)
$3,000
25.
subsection 399 (3)
$3,000
26.
subsection 414 (2.1)
$1,000
27.
section 5.1 of O. Reg. 347/04 (Agents)
$1,000
28.
subsection 10 (1) of O. Reg. 347/04 (Agents)
$1,000
29.
subsection 11 (1) of O. Reg. 347/04 (Agents)
$3,000
30.
section 14 of O. Reg. 347/04 (Agents)
$1,000
31.
subsection 15 (1) of O. Reg. 347/04 (Agents)
$3,000
32.
subsection 15 (2) of O. Reg. 347/04 (Agents)
$3,000
33.
subsection 3 (5.1) of Reg. 664, R.R.O. 1990 (Automobile Insurance)
$1,000
34.
subsection 3 (6) of Reg. 664 of R.R.O. 1990 (Automobile Insurance)
$1,000
35.
subsection 17 (1.1) of Reg. 664 of R.R.O. 1990 (Automobile Insurance)
$1,000
36.
subsection 17 (2) of Reg. 664 of R.R.O. 1990 (Automobile Insurance)
$1,000
37.
subsection 17 (3) of Reg. 664 of R.R.O. 1990 (Automobile Insurance)
$1,000
38.
subsection 17 (4) of Reg. 664 of R.R.O. 1990 (Automobile Insurance)
$1,000
39.
subsection 17 (6) of Reg. 664 of R.R.O. 1990 (Automobile Insurance)
$1,000
40.
subsection 2 (1) of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
41.
subsection 2 (2) of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
42.
subsection 2 (3) of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
43.
subsection 2 (4) of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
44.
section 2.1 of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
45.
section 2.2 of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
46.
subsection 3 (1) of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
47.
subsection 3 (2) of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
48.
subsection 3.1 (1) of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
49.
subsection 3.1 (2) of Reg. 674 of R.R.O. 1990 (Replacement of Life Insurance Contracts)
$1,000
SCHEDULE 4
SUMMARY ADMINISTRATIVE PENALTIES IMPOSED UNDER SECTION 441.4 OF THE ACT —
DAILY PENALTY
Item
Provision
1.
subsection 101 (1)
2.
subsection 101 (2)
3.
section 101.1
4.
clause 102 (1) (a)
5.
clause 102 (1) (b)
6.
subsection 102 (3)
7.
subsection 121.13 (3)
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