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ARTICLE · 13 JANUARY 2015

Manitoba Insurance Act 2015 Amendments

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Heading into the new year, the need to streamline and harmonize insurance regulation across Canada continues to be an industry priority.

CanadaInsurance

Heading into the new year, the need to streamline and harmonize insurance regulation across Canada continues to be an industry priority. In this regard, Manitoba continues to roll out its amendments to the Insurance Act (Manitoba), pursuant to Bill 27, the Insurance Amendment Act (Manitoba) ("Bill 27"). The proclamation of Bill 27 is a three staged approached that began on September 1, 2014 and continued on January 1, 2015. The final changes will take effect on March 1, 2015. Overall, these amendments modernize Manitoba's Insurance Act to bring it in line with existing legislation in other provinces.

A brief outline of the significant changes is provided below.

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