Contract for future provision funded by insurance or annuity
 124. (1) If the price payable under a contract for the provision of licensed supplies or services is to be funded in whole or in part out of the proceeds of an insurance or annuity contract including group insurance, the contract for the licensed supplies or services shall contain, (a) the name, address and telephone number, if any, of the insurer or the issuer of the annuity contract and the number of the insurance or annuity contract if known; (b) a statement disclosing any formal or informal arrangements the operator or another  person affiliated or associated with the operator has with any agent, insurer or issuer of annuity contracts relating to the recommendation of the agent, insurer or issuer to purchasers and potential purchasers of licensed supplies or services; (c) a statement disclosing whether the operator or another person affiliated or associated with the operator will receive, directly or indirectly, any consideration or benefit from any person as a result of the purchaser applying for or purchasing insurance or an annuity in connection with the purchaser’s contract with the operator; (d) the name of the beneficiary under the insurance or annuity contract, if named, and, if applicable, details of any assignment to the operator of the proceeds under the insurance or annuity contract; (e) a description of the licensed supplies and services to be paid for out of the proceeds if not all of the supplies and services under the contract are to be paid for out of the proceeds; (f) the acknowledgement by the operator and the purchaser that once the operator is named as a beneficiary or assigned the right to designate the beneficiary under the insurance or annuity contract or the beneficiary’s rights to proceeds are assigned to the operator, money is considered, for the purposes of section 38 of the Act, to be paid under the contract for the provision of the licensed supplies or services in an amount equal to the amount of the proceeds under the insurance or annuity contract that will be paid directly or indirectly to the operator; (g) a statement of, (i) what will occur if the insurance or annuity contract application is denied, (ii) what will occur if the insurance or annuity contract is not paid for in full at the time the contract for licensed supplies and services is to be fulfilled, (iii) what will occur if the contract for licensed supplies and services is cancelled and the effect the cancellation will have on the insurance or annuity contract, (iv) what will occur if the insurance or annuity contract is cancelled and the effect the cancellation will have on the contract for licensed supplies and services that the insurance or annuity proceeds were intended to fund, and (v) what will occur if the operator was to be the beneficiary or was to have been assigned the right to designate a beneficiary under the insurance or annuity contract and at the time the contract for licensed supplies and services is to be fulfilled, the beneficiary who was named or designated at the time the contract was made has changed; (h) information concerning the manner in which the operator will determine the prices for the licensed supplies and services applicable at the time they are provided; and (i) a description of the purchaser’s right to receive, on completion of the contract, any amount held by the operator in excess of all amounts paid or payable to the operator and a description of the manner in which the operator will calculate the amount to be paid to the purchaser or other person entitled under the contract to receive the payment.  O. Reg. 30/11, s. 124 (1); O. Reg. 48/15, s. 14. (2) The operator shall attach the following to the contract if available: 1. The insurance policy and insurance or annuity contract. 2. The enrolment or other documents that confirm the purchase of the insurance or annuity. 3. The document designating the operator as the beneficiary of the insurance or annuity or assigning the proceeds of the insurance or annuity to the operator.  O. Reg. 30/11, s. 124 (2).