PART II GENERAL PROVISIONS APPLICABLE TO INSURERS
Withdrawal procedure
65.1 (1) For the purpose of this section, an insurer is withdrawing from the business of automobile insurance if the insurer does anything that results or is likely to result in a significant reduction in the amount of gross premiums written by the insurer for automobile insurance in any part of Ontario, including any of the following things that have or are likely to have that result: 1.  Refusing to process applications for automobile insurance. 2.  Declining to issue, terminating or refusing to renew contracts of automobile insurance. 3.  Refusing to provide or continue coverages or endorsements in respect of contracts of automobile insurance. 4.  Taking actions that directly or indirectly result in termination of contracts between the insurer and the agents and brokers who solicit or negotiate contracts of automobile insurance on behalf of the insurer. 5.  Reducing the ability of the agents or brokers to solicit or negotiate contracts of automobile insurance on behalf of the insurer. 6.  Reducing the insurer’s ability to act as a servicing carrier or ceasing to act as a servicing carrier under the Plan of Operation of the Facility Association. 7.  Taking actions that directly or indirectly result in the termination of any contract between the insurer and the Facility Association. 8.  Engaging in any activity or failure to act that is prescribed by the regulations. Withdrawal from automobile insurance (2) An insurer shall not withdraw from the business of automobile insurance except in accordance with this section.  1993, c. 10, s. 11. Procedure for withdrawal (3) An insurer that intends to withdraw from the business of automobile insurance shall file with the Chief Executive Officer a notice in the form provided by the Chief Executive Officer.  1993, c. 10, s. 11; 1997, c. 28, s. 100; 2018, c. 8, Sched. 13, s. 22. Time for notice (4) The notice shall specify the date that the insurer intends to begin to withdraw from the business of automobile insurance and shall be filed at least 180 days before that date.  1993, c. 10, s. 11. Additional information (5) The Chief Executive Officer may require the insurer to provide such information, material and evidence as the Chief Executive Officer considers necessary in addition to the information, material and evidence required to be provided in the notice.  1993, c. 10, s. 11; 1997, c. 28, s. 100; 2018, c. 8, Sched. 13, s. 22. Authority to withdraw (6) The insurer may withdraw from the business of automobile insurance on or after the date specified in the notice under subsection (4).  1993, c. 10, s. 11. Chief Executive Officer’s powers (7) Despite subsection (6), the Chief Executive Officer may, (a)  authorize the insurer to withdraw from the business of automobile insurance before the date specified in the notice under subsection (4); or (b)  prohibit the insurer from withdrawing from the business of automobile insurance until a date specified by the Chief Executive Officer that is not later than ninety days after the date specified in the notice under subsection (4).  1993, c. 10, s. 11; 1997, c. 28, s. 100; 2018, c. 8, Sched. 13, s. 22. Application of regulations under subs. 121 (1), par. 16 (8) The Chief Executive Officer may order that the regulations made under paragraph 16 of subsection 121 (1) do not apply to a class of contracts, coverages or endorsements specified by the Chief Executive Officer to which an insurer is a party.  1993, c. 10, s. 11; 1997, c. 28, s. 100; 2018, c. 8, Sched. 13, s. 22. Section Amendments with date in force (d/m/y) 1993, c. 10, s. 11 - 01/01/1994; 1997, c. 28, s. 100 - 01/07/1998 2018, c. 8, Sched. 13, s. 22 - 08/06/2019 Deposits