Genetic testing practices to change among life insurance companies

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Insurers in Canada have stated that consumers will no longer be required to disclose their data when buying coverage. New genetic testing practices are on their way to life insurance companies in Canada. Canadians applying for new coverage had previously been required to disclose the results of any DNA tests they’d had. That regulation for consumers will be changing as of 2018 when buying policies for under $250,000. The Canadian Life and Health Insurance Association (CLHIA) stated that the change will apply to most individual policies sold to consumers every…

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Genetic testing should not be used by insurance companies, says privacy watchdog

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There aren’t any laws that strictly prohibit the use of discrimination resulting from these tests. According to the main privacy watchdog in Canada, the use of genetic testing by insurance companies is not justified and the group is urging insurers across the country not to begin employing those methods as a part of their risk assessment. The rapid evolution of technology and science is making it challenging to protect privacy. According to insurance news from the Office of the Privacy Commissioner of Canada, when it comes to the advances that…

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