Definitions

1  In this regulation:

"Act" means the Financial Institutions Act;

"contract" has the same meaning as in the Insurance Act;

"general insurer" means an insurer whose business authorization authorizes the insurer to carry on one or more classes of general insurance business.

 Communication of claims history information

2  Despite section 95 (1) of the Act, a financial institution may communicate information that it would not otherwise, under that section, be entitled to communicate, if

(a) the financial institution is a general insurer,

(b) the information relates to the claims, if any, made by the customer under any contract of general insurance,

(c) the information is communicated to another general insurer, to an insurance agent or, subject to section 3, to

(i)  the Insurance Crime Prevention Bureau, or

(ii)  IAO Automated Information Services Incorporated, and

(d) the communication of the information is consented to by the customer after the purpose for the communication of the information has been disclosed to the customer.

 Adoption of model code

3  A financial institution must not communicate information referred to in section 2 to the Insurance Crime Prevention Bureau or to IAO Automated Information Services Incorporated unless the Insurance Crime Prevention Bureau or IAO Automated Information Services Incorporated, as the case may be, has adopted and is subject to the Canadian Standards Association model code for the protection of personal information as that code may be amended from time to time.