Insurance Business (Trust and Loan Companies) Regulations

7 (1) A company shall not, in relation to its business in Canada, promote an insurance policy of an insurance company, agent or broker, or a service in respect of such a policy, unless

• (a) the policy is of an authorized type of insurance or the service is in respect of such a policy;

• (b) the policy is to be provided by a corporation without share capital, other than a mutual insurance company or a fraternal benefit society, that carries on business without pecuniary gain to its members and the policy provides insurance to a natural person in respect of the risks covered by travel insurance;

• (c) the policy is a personal accident insurance policy and the promotion takes place outside a branch of the company;

• (d) the service is in respect of a policy referred to in paragraph (b) or of a policy referred to in paragraph (c) that is promoted as described in that paragraph; or

• (e) the promotion takes place outside a branch of the company and is directed to

  • (i) all the holders of credit or charge cards issued by the company who regularly receive statements of account or notices of those statements,

  • (ii) all the company’s customers who are natural persons and who regularly receive statements of account or notices of those statements, or

  • (iii) the general public.

(2) Notwithstanding subsection (1) and section 6, a company may exclude from a promotion referred to in paragraph (1)(e) or 6(b) persons

• (a) in respect of whom the promotion would contravene an Act of Parliament or of the legislature of a province;

• (b) who have notified the company in writing that they do not wish to receive promotional material from the company; or

• (c) who are holders of a credit or charge card that was issued by the company and in respect of which the account is not in good standing.