Credit Information (Insurance Companies) Regulations — 2
er that Act, (b) by reason that the customer has applied for or uses a credit or charge card issued by the company or foreign company, or (c) from a trust or loan corporation incorporated by or under an Act of the legislature of a province; ( renseignements sur le crédit ) credit or charge card-related insurance , in respect of a company or foreign company, means a policy of an insurance company that provides insurance to the holder of a credit or charge card issued by the company or foreign company as a feature of the card, without request and without an individual assessment of risk, (a) against loss of, or damage to, goods purchased with the card, (b) under which the insurance company undertakes to extend a warranty provided by the manufacturer of goods purchased with the card, or (c) against any loss arising from a contractual liability assumed by the holder when renting a vehicle, when the rental is paid for with the card; ( assurance carte de crédit ou de paiement ) creditors’ disability insurance , in respect of a company or foreign company, means a group policy that will pay all or part of the amount of a debt to the company or foreign company, or to a loan company or bank that is an affiliate of the company or foreign company, in the event of bodily injury to, or illness or disability of, (a) where the debtor is a natural person, the debtor or the spouse or common-law partner of the debtor, (b) a natural person who is a guarantor of all or part of the debt, (c) where the debtor is a body corporate, a director or officer of the body corporate, or (d) where the debtor is an entity, any natural person who is essential to the ability of the debtor to meet the debtor’s financial obligations to the company, foreign company, loan company or bank; ( assurance-invalidité de crédit ) creditors’ life insurance , in respect of a company or foreign company, means a group policy that will pay to the company or foreign company, or to a loan company or bank that is an affiliate of the company or foreign company, all or part of the amount of a debt or, where a debt is in respect of a small business or a farm, fishery or ranch, all or part of the amount of the credit limit of a line of credit, in the event of the death of (a) where the debtor is a natural person, the debtor or the spouse or common-law partner of the debtor, (b) a natural person who is a guarantor of all or part of the debt, (c) where the debtor is a body corporate, a director or officer of the body corporate, or (d) where the debtor is an entity, any natural person who is essential to the ability of the debtor to meet the debtor’s financial obligations to the company, foreign company, loan company or bank; ( assurance-vie de crédit ) creditors’ loss of employment insurance , in respect of a company or foreign company, means a policy of an insurance company that will pay to the company or foreign company, or to a loan company or bank that is an affiliate of the company or foreign company, without an individual assessment of risk, all or part of the amount of a debt of a debtor to the company, foreign company, loan company or bank in the event that (a) where the debtor is a natural person, the debtor becomes involuntarily unemployed, or (b) a natural person who is a guarantor of all or part of the debt becomes involuntarily unemployed; ( assurance crédit en cas de perte d’emploi ) creditors’ vehicle inventory insurance , in respect of a company or foreign company, means a policy of an insurance company that provides insurance against direct and accidental loss of, or damage to, vehicles that are held in stock for display and sale purposes by a debtor of the company or foreign company, some or all of which have been financed by the company or foreign company; ( assurance crédit pour stocks de véhicules ) export credit insurance means a policy of an insurance company that provides insurance to an exporter of goods or services against a loss incurred by the exporter as a re