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Established in 2016, FSRA officially succeeded its predecessor agencies – the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario – on June 8, 2019. [1] The Financial Services Regulatory Authority of Ontario operates at arms-length from the Government of Ontario , and reports to the Legislative Assembly ...
Ontario car insurance policy Status: In force The Ontario Automobile Policy ( OAP 1 , also called the Owner's Policy ) is a regulation under the Ontario Insurance Act enacted by the Parliament of Ontario to cover financial damages to persons and property after a car crash.
The last edition of the RSO was dated 1990 pursuant to the Statutes Revision Act, 1989, consolidating the statutes in force prior to January 1, 1991. [ 3 ] More recently, acts have been consolidated on the e-Laws website, organized by reference to their existing citations in the Statutes of Ontario or Revised Statutes of Ontario.
(3) Subject to subsection 146(5), no provision in a contract, the articles, the by-laws or a resolution relieves a director or officer from the duty to act in accordance with this Act or the regulations or relieves them from liability for a breach thereof. Extensive jurisprudence in the Canadian courts have expanded on the matter:
The Financial Administration Act of 1954, formalized the board's role as the committee of the cabinet on all matters relating to finance, revenues, estimates, expenditures and any other matter concerning general administrative policy of the government. The board was also given the power to call witnesses and compel the production of documents ...
The MTO is in charge of various aspects of transportation in Ontario, including the establishment and maintenance of the provincial highway system, the registration of vehicles and licensing of drivers, and the policing of provincial roads, enforced by the Ontario Provincial Police and the ministry's in-house enforcement program (Commercial vehicle enforcement).
Public auto insurance is a government-owned and -operated system of compulsory automobile insurance used in the Canadian provinces of British Columbia, Saskatchewan, Manitoba, and Quebec. It is based on the idea that if motorists are compelled to purchase auto insurance by the government, the government ought to ensure motorists pay fair ...
The Fault Rules say which driver was responsible for an accident. Accidents are either 0%, 25%, 50%, 75%, or 100% at fault. If the driver is from Ontario, the portion not at fault percentage is covered under Ontario's mandatory to buy Direct Compensation insurance, and the at fault portion is covered under the optional to buy Collision insurance.