Residents of Saskatchewan: Can’t live without your smartphone? Never fear, the province follows Manitoba’s lead in regulation of portable electronics.
On June 22, 2017, new regulations (the “Insurance Regulations“) under Saskatchewan’s Insurance Act were filed with the Registrar of Regulations. The Insurance Regulations will broaden the availability of insurance covering smart phones in the province.
Smartphones are ubiquitous and fully integrated into all of our daily lives. In 2016, 76 percent of Canadians owned a smartphone. Given the widespread and ever-growing use of smartphones, and the ease with which they may be lost, stolen or damaged, there is a burgeoning market for insurance products covering these and other portable electronics.
Programs which cover risk of loss to a product which is unrelated to a defect or failure arising from the manufacture of the product may be considered to cover fortuitous loss, and thus may be … Continue reading “Saskatchewan follows Manitoba's lead in regulation of portable electronics”