Amendments to the Statutory Accident Benefits Schedule, Service Provider Regulations, Administrative Penalties and Eligibility for Transportation Expenses
With this Bulletin, the Financial Services Commission of Ontario (FSCO) is highlighting regulation amendments to the automobile insurance system that are effective December 1, 2014, with one exception noted below.
FSCO is also reminding insurers and stakeholders about obligations concerning transportation expenses. Amendments were needed to effectively operationalize the new service provider licensing regime and implement parts of the Government of Ontario’s Cost and Rate Reduction Strategy.