What Does All Comers Rule Mean?
The all comers rule refers to a clause in the Insurance Act in Alberta, Canada that prohibits insurance companies from denying basic insurance coverage to applicants, specifically for liability and accidents.
The all comers rule refers to a clause in the Insurance Act in Alberta, Canada that prohibits insurance companies from denying basic insurance coverage to applicants, specifically for liability and accidents.
The official clause number is clause 613.1, but industry insiders have nicknamed it the the all comers rule. Basically, it prohibits any insurance company from denying insurance to people in the province of Alberta.
There are three exceptions built into the clause:
Misrepresentation: coverage can be denied if the applicant has lied or failed to disclose important information when applying for coverage