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Ontario to develop a viatical industry.

R Carey1

  • 1HIV & AIDS Legal Clinic-Ontario. careyr@olap.org

Canadian HIV/AIDS Policy & Law Review
|February 12, 2002
PubMed
Summary
This summary is machine-generated.

Ontario

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Area of Science:

  • Legal and Economic Policy
  • Regulatory Reform

Background:

  • Bill 119, the Red Tape Reduction Act, 2000, was introduced in Ontario.
  • The Act aims to streamline regulations and enhance business-friendliness.

Discussion:

  • Schedule G of Bill 119 proposes a framework for legalizing the viatical industry.
  • Implementation requires a licensing scheme established by the Ministry of Finance.

Key Insights:

  • The proposed legislation could establish a regulated viatical industry in Ontario.
  • A specific licensing mechanism is a prerequisite for industry legalization.

Outlook:

  • Potential for a new regulated financial sector in Ontario.
  • Further legislative and regulatory steps are necessary for implementation.