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Railway Third Party Liability Insurance Coverage Regulations (SOR/96-337)

Regulations are current to 2020-05-17 and last amended on 2019-06-25. Previous Versions

SCHEDULE 1(Section 5)Information for a Certificate of Fitness for the Operation of Passenger Rail Service or the Construction of a Railway

  • 1 
    The policy number of each insurance policy.
  • 2 
    The amount of aggregate and per-occurrence coverage provided by each insurance policy for each of the risks set out in paragraph 3(a) of the Regulations.
  • 3 
    The policy form type.
  • 4 
    The period of coverage for each insurance policy.
  • 5 
    The name of each insurer and the financial strength rating given to the insurer by a financial rating agency.
  • 6 
    The amount of self-insured retention.
  • 7 
    The amount of deductible for each insurance policy.
  • 8 
    Written confirmation from the applicant’s insurance broker of the information provided in respect of items 1 to 7 of this schedule or, if the applicant does not have an insurance broker, written confirmation from each insurer of the information concerning their policy that is provided in respect of items 1 to 7.
  • 9 
    The applicant’s declaration that the following information has been disclosed to each insurer:
    • (a) 
      the nature and extent of the construction or operation of the railway and any associated third party liability risks; and
    • (b) 
      any incident, accident or occurrence that the applicant is required to disclose under the policy and that could give rise to a claim.
  • 10 
    The applicant’s declaration that the amount of per-occurrence coverage reported in item 2 is available despite any pending or accepted claims.
  • 11 
    The applicant’s declaration that they have the financial capability to pay the amounts reported for items 6 and 7.
  • 12 
    Any other information relevant to the insurance coverage and the assessment of the liabilities of the operation or construction.
  • SOR/2019-254, s. 8
 
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