Consultations on Third Party Liability Insurance Coverage Regulations for Federal Railways

This consultation is now closed. 

Increasing shipments of crude oil and other hazardous materials by rail, and the tragic derailment in Lac-Mégantic, have highlighted the need to review the current approach to determining the adequacy of railway third party liability coverage and appropriate accountability of federal railways for liabilities related to their operations. 

More specifically, the purpose of this review is to solicit input on possible improvements to the current regulatory framework, as prescribed in the Railway Third Party Liability Insurance Coverage Regulations, to meet these objectives.

The Discussion Paper gives background information on the Agency’s role in regulating federal railway companies, railway third party liability insurance, and the Agency’s current regulatory requirements for determining the adequacy of third party liability insurance coverage.

This Paper poses key questions relating to the regulatory framework. Based on the input received, the Agency may then propose revisions to the regulatory framework and consult again with stakeholders on any proposed regulatory changes.

What we are consulting on

The Agency is seeking your views on a number of key issues. You will find questions relating to these issues for your consideration in the Discussion Paper. 

Invitation to comment on submissions

The Agency is interested in receiving your comments on the positions of the other participants to the consultation. As indicated in the Discussion Paper, with the benefit of further comments, the Agency may then propose revisions to the regulatory framework and consult again with stakeholders on any proposed regulatory changes.

Deadline for submissions: April 25, 2014

How to submit your comments

E-mail: consultations@otc-cta.gc.ca

Mail:

Third Party Liability Insurance Coverage Regulations Review
Dispute Resolution Branch
Canadian Transportation Agency
Ottawa, Ontario
K1A 0N9

Publication of submissions

Please note that all submissions will be posted to the Agency’s website in the official language in which it was submitted, along with the name or that of the organization represented.