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The province has amended a regulation under the insurance act to help ease the financial pressure on working people and families during this public health crisis.
Auto insurance rebates coronavirus ontario. 20 refund between. Which car insurance companies are offering relief. Finance minister rod phillips has eliminated the regulatory roadblock that insurance companies said prevented them from offering auto insurance rebates to ontario drivers during the covid 19 pandemic. The ontario government is amending a regulation under the insurance act to allow auto insurers to give premium rebates to policyholders for up to 12 months following the end of the emergency.
In mid april the provincial government announced a regulatory change that allows auto insurance companies to provide premium rebates to consumers for up to 12 months after the covid 19 emergency. 25 discount on premiums in april. The insurance bureau of canada which speaks on behalf of. But the industry is saving even more during the pandemic even after subtracting the payments being made to policyholders.
Canadas insurance industry is promising rebates and relief for customers struggling to keep up with their bills amid the covid 19 crisis. Ontario is making a regulatory change that will more easily allow auto insurance companies to provide breaks to their customers because of the covid 19 pandemic. Toronto the ontario government is enabling auto insurance companies to provide temporary insurance premium rebates to drivers during the covid 19 pandemic. The insurance bureau of canada which speaks on behalf of insurance companies says its members are offering substantial consumer relief measures that they think will add up to 600 million worth of rebates and discounts.
Toronto ontario is making a regulatory change that will more easily allow auto insurance companies to provide breaks to their customers because of the covid 19 pandemic.
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