To facilitate settlements and expedite certain claims, the Insurance Bureau of Canada (IBC) administers five voluntary agreements made among insurance companies. The agreements are:
- Agreement respecting Standardization of Claims Forms and Practices, and Guidelines for the Settlement of Claims.
See the IBC website for 2002 amendments. - Agreement Respecting Disputed Losses Between Property Insurance and Boiler and Machinery Insurance Policies.
- Agreement of Guiding Principles (Property Insurance)
- Agreement of Guiding Principles Between Primary and Excess Liability Insurers Respecting Claims
- Owned and Non-Owned Contents Agreement (Quebec). This agreement and its signatories are available through the IBC Montreal office.
The IBC website provides lists of the companies that are signatories to each of these agreements.
References
- IBC BAC – Insurance Bureau of Canada
- Agreement respecting Standardization of Claims Forms and Practices, and Guidelines for the Settlement of Claims – on-site at Vancouver Courthouse Library
- 2002 amendments – Insurance Bureau of Canada
- Agreement Respecting Disputed Losses Between Property Insurance and Boiler and Machinery Insurance Policies – on-site at Vancouver Courthouse Library
- Agreement of Guiding Principles (Property Insurance) – on-site at Vancouver Courthouse Library
- Agreement of Guiding Principles Between Primary and Excess Liability Insurers Respecting Claims – on-site at Vancouver Courthouse Library
Contacts
IBC Montreal office
1981 McGill College Ave, Suite 620
Montreal, Quebec
H3A 2Y1
tel: 514-288-1563
fax: 514-288-0753