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This Act is current to June 30, 2026

See the Tables of Legislative Changes for this Act’s legislative history, including any changes not in force.

Insurance Act

[RSBC 2012]

CHAPTER 1

Deposited with Clerk of the Legislative

Assembly on June 21, 2012

Contents

Part 1 —

Interpretation, Application of Act and Introductory Provisions

Definitions and

interpretation

Application to contracts

Contract must be consistent with Act

Liability of continuing insurer

Effect on contracts of violation of law

Application of Limitation Act

Electronic communications

Part 2 — General Insurance Provisions

Application of this

Part

Contracts deemed to be made in British Columbia

Gaming or wagering contracts voided

Contents of policy

Dispute resolution

Court may relieve against forfeiture and termination

Waiver and estoppel

Policy in accordance with terms of application

Effect of terms of contract not set out in policy

Misrepresentation and nondisclosure

Effect of delivery of policy or premium receipt

Payment of refund to assignee

Effect of unpaid cheque or note for premium

Collecting unpaid premiums

Claims payable in Canadian money and in British Columbia

Limitation of actions

Payment by insurer into court

Third person right of action against insurer

Insurer to furnish copy of application and policy

Insurer to furnish forms

Cancellation by insurer

Statutory conditions

Proportionate contributions

Limitation of liability clause

Unjust contract provisions

Exclusions from coverage

Fire perils insured against

Recovery by innocent persons

Subrogation

Part 3 — Life Insurance

Definitions

Application of

Part 2

Application of this Part

Application of this Part to group insurance

Issuance and furnishing of policy

Particulars in policy

Particulars in group policy

Particulars in group certificate

Lack of insurable interest

Persons insurable

Termination of contract by court

When contract takes effect

Payment of premiums

Payment of premiums and grace periods

Duty to disclose

Failure to disclose

Nondisclosure by insurer

Misstatement of age

Misstatement of age in group insurance

Effect of suicide on contract

Reinstatement of contract

Termination and replacement of group policies

Designation of beneficiary

Irrevocable designation of beneficiary

Designation in will

Trustee for beneficiary

Predeceased or disclaiming beneficiary

Enforcement of payment by beneficiary or trustee

Insurance money exempt from seizure

Assignment of insurance

Entitlement to dividends

Transfer of insured's rights

Effect of assignment

Group life insured may enforce rights

Debtor insured may enforce rights

Capacity of minors

Proof of claim

Payment of insurance money

Action in British Columbia

Limitation of actions

Documents affecting right to insurance money

Declaration as to sufficiency of proof

Court may make order for payment

Application to court operates as stay of proceedings

Powers of court

Payment into court

Simultaneous deaths

Insurance money payable in instalments

Insurer holding insurance money

Court may order payment

Costs

Payment of insurance money for minors

Payment to representative of beneficiary

Presumption against agency

Insurer giving information

Part 4 — Accident and Sickness Insurance

Definitions

Application of

Part 2

Application of this Part

Application of this Part to group insurance

Issuance and furnishing of policy

Particulars in policy

Particulars in group policy

Particulars in group certificate

Exceptions and reductions must be set out in policy

Statutory conditions

Omission or variation of statutory conditions

Notice of statutory conditions

Limitation of actions

Sufficiency of proof and role of court

Termination for non-payment

Lack of insurable interest

Persons insurable

Termination of contract by court

Capacity of minors

Duty to disclose

Failure to disclose

Failure to disclose on reinstatement

Pre-existing conditions

Misstatement of age

Termination and replacement of group policies

Designation of beneficiary

Irrevocable designation of beneficiary

Designation in will

Trustee for beneficiary

Predeceased or disclaiming beneficiary

Enforcement of payment by beneficiary or trustee

Documents affecting right to insurance money and effect of assignment

Insurance money exempt from seizure

Assignment of insurance

Entitlement to dividends

Transfer of insured's rights

Group person insured may enforce rights

Debtor insured may enforce rights

Simultaneous deaths

Payment into court

Payment of insurance money for minors

Payment to representative of beneficiary

Payments not exceeding $10 000

Payment of insurance money

Action in British Columbia

Insurer giving information

Undue prominence

Presumption against agency

Part 5 — Miscellaneous Classes and

Subclasses of Insurance

Application of

Part 2

Home warranty insurance

Interpretation for purposes of deposit protection contracts

Deposit protection contracts

How deposit protection contract affected by parties

Insurer to furnish copy of deposit protection contract and form for claim

Contents of deposit protection contract

Part 5.1 — Societies Engaged in Insurance

146.1

Definition and

interpretation

146.2

Court may relieve against forfeiture in relation to insurance provided by insurance societies

146.3

Effect on members of liquidation of insurance society

Part 6 — Administration

Appeal to superintendent by insured on adjustment charges

Personal liability protection

Power to make regulations

Transitional regulations

Violation of Act an offence

Trafficking

Limitation period

Court order to comply

155-157

Revisions to this Act

158-168

Consequential Revisions

Commencement of revisions to this Act

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