Class action certification denied as individual issues of misrepresentation and reliance predominated over common issues.
The appellant sought to certify a class proceeding against a life insurance company, alleging negligent misrepresentation in the marketing of whole life policies with a 'vanishing premium' or premium offset feature.
The motion judge and Divisional Court refused certification.
The Court of Appeal dismissed the appeal, finding that the claims relied heavily on individual representations made by agents and individual reliance, meaning the action would ultimately break down into individual proceedings.
The common issues and preferable procedure requirements under section 5 of the Class Proceedings Act were not met.
George Zicherman v. The Equitable Life Insurance Company of Canada, 2003 ONCA 21250