Bill 12 would make it so automobile insurance companies are no longer allowed to charge a different rate based solely on the municipality or area of the GTA a resident lives in, and would require them to treat the entirety of the GTA as a single region.
There’s two ways it does this, first is that it requires the Chief Executive Officer to refuse any application made by an insurer that uses geographic location as a risk classification as well as an application that treats portions of the GTA as separate geographic locations.
Second is forbidding an insurer from starting or renewing an insurance contract that would result in different rates if the person buying the contract lived somewhere else.
Discover more from Commons Sense
Subscribe to get the latest posts sent to your email.