AI-assisted research summary: Insurers must notify the Registrar about policy cancellations and rejected risks, and insurers or their agents must provide policy-status information when the Registrar asks.
c t HIGHWAY TRAFFIC ACT COMPULSORY THIRD PARTY INSURANCE REGULATIONS PLEASE NOTE This document, prepared by the Legislative Counsel Office, is an office consolidation of this regulation, current to February 1, 2004. It is intended for information and reference purposes only. This document is not the official version of these regulations. The regulations and the amendments printed in the Royal Gazette should be consulted on the Prince Edward Island Government web site to determine the authoritative text of these regulations. For more information concerning the history of these regulations, please see the Table of Regulations on the Prince Edward Island Government web site (www.princeedwardisland.ca). If you find any errors or omissions in this consolidation, please contact: Legislative Counsel Office Tel: (902) 368-4292 Email: legislation@gov.pe.ca Highway Traffic Act Compulsory Third Party Insurance Regulations Section 1 c HIGHWAY TRAFFIC ACT Chapter H-5 COMPULSORY THIRD PARTY INSURANCE REGULATIONS Pursuant to section 320 of the Highway Traffic Act R.S.P.E.I. 1988, Cap. H-5, Council made the following regulations: 1. Notice of cancellation Where (a) an insurer has issued a motor vehicle liability policy to an owner of a motor vehicle; and (b) the insured or the insurer cancels the policy prior to the expiry date of such policy, the insurer shall within twenty-one days after the cancellation notify the Registrar of the cancellation of the policy. (EC607/85) 2. Notice of rejection of risk Where (a) an insurance agent has issued a temporary liability card; and (b) the insurer whom he represents will not accept the risk, the insurer shall immediately give notice in writing to the Registrar of the rejection of the risk. (EC607/85) 3. Insurance remains in effect if notice not given If a notice required under section 1 or 2 is not given as prescribed, the policy or temporary liability card remains in effect to the extent of the minimum coverage prescribed in section 234 of the Insurance Act R.S.P.E.I. 1988, Cap. I-4 with respect to any claimant against the insurer. (EC607/85) 4. Information re status of policies When requested to do so by the Registrar, insurance companies or their agents shall provide information as to whether or not motor vehicle liability policies written and issued by them are in effect. (EC607/85) c t Updated February 1, 2004 Page 3