By: Luke Jones, Published on December 16, 2016 11:13 AM, Last Update on December 28, 2016 11:15 PM
Canada is finally moving in the right direction and is on the cusp of providing an electronic alternative to a pink slip proof of auto insurance. The development means drivers will not be required to carry auto insurance proof at all times in a vehicles.
The Canadian Council of Insurance Regulators (CCIR) has announced plans to approve the introducing of an electronic option for auto insurance proof. Wasting little time, the regulatory body says the new system can be implemented as soon as during the first half of 2017.
CCIR has not expanded the details of the roll out, but reports suggest drivers will be able to show their insurance cards on a smartphone screen.
The idea of replacing physical insurance cards and going digital is not new. It has long been mooted as a safer option. CCIR has long been advocating its adoption:
Some find it archaic that Canadian law still demands that a driver has a physical pink slip paper to display auto insurance coverage. The can be easily forged, copied, or stolen and are arguably a contributor to auto insurance fraud, especially in Ontario. Consumers and insurance providers have long called for the introduction of electronic pink slips, but legislators are dragging their feet.
Most forms of financial and legal documentation is now available electronically, so there is no compelling argument as to why pink slips should not be. Indeed, they are very difficult to copy aside from a major cyber breach of a government or private data store.