Hometime

Hometime · Alberta legislation

MHHS Minimum Housing and Health Standards

MHHS · Consumer Protection Act

Part 9 — Cost of Credit Disclosure Division 1 Interpretation and Application

66 Fees, Charges and Optional Services Required insurance

Current to 2026-07-14 · Official PDF

(1) A borrower who is required by a credit grantor to purchase
any insurance may purchase it from any insurer who may lawfully
provide that type of insurance, except that the credit grantor may
reserve the right to disapprove, on reasonable grounds, an insurer
selected by the borrower.
(2) A credit grantor who offers to provide or to arrange insurance
referred to in subsection (1) must at the same time clearly disclose
to the borrower in writing that the borrower may purchase the
required insurance through an insurance agent and from an insurer
of the borrower's choice.
RSA 2000 cF-2 s66;RSA 2000 cI-3 s855
RSA 2000