Interpretation of Sections 237 & 238 of the Insurance Act and Sections 1(1) and 2(1)(5) to 2(1)(8) of Regulation 7/00 Unfair or Deceptive Acts or Practices and Approach to Supervision [Take All Comers Rule]

Sector:	Auto Insurance
Status:	Active
Category:	Unfair or Deceptive Acts
Guidance number:	AU0135INT
Guidance name:	Interpretation of Sections 237 & 238 of the Insurance Act and Sections 1(1) and 2(1)(5) to 2(1)(8) of Regulation 7/00 Unfair or Deceptive Acts or Practices and Approach to Supervision [Take All Comers Rule]
Effective date:	2022-04-07
Comments:	In November 2021 FSRA issued guidance about “Take All Comers” in auto insurance, in April 2022 it was updated to reflect the new UDAP Rule.