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Changes to the Insurance Act and Statutory Accident Benefits Schedule - Effective September 1, 2010
SABS Amendments
The new SABS has been amended by Ontario Regulation 289/10 to clarify the following:
- The definition of "minor injury" means any one or more of the injuries specified in the definition.
- The circumstances in which a determination of catastrophic
impairment may be conducted by a physician and by a neuropsychologist.
- The circumstances in which an expense is deemed to be incurred.
- Accountants do not need a public licence to prepare reports in
connection with income replacement benefit claims, as long as they are
members of a regulatory body that is designated under the Public
Accounting Act, 2004.
- The definition of "qualified case manager."
- The $2,000 cap on fees and expenses for conducting any one
assessment or examination includes the preparation of reports in
connection with the assessment or examination.
- In conducting an assessment or examination in connection with a
determination of catastrophic impairment, a physician or
neuropsychologist may be assisted by such other regulated health
professionals as the physician or neuropsychologist may reasonably
require.
Other Amendments to Ontario Regulations
Ontario Regulation 461/96 has been amended by Ontario Regulation
290/10, changing the calculation of income loss in tort to 70 per cent
of gross income. In addition, Ontario Regulation 664 has been amended
by Ontario Regulation 291/10, changing the requirements for accountants
who provide reports in connection with income replacement benefit claims
under the dispute resolution system.
Effective Date
The amendments to the Insurance Act and the regulations are effective September 1, 2010.
Visit our Office London Location
639 South Dale Road East, London, Ontario, N6E 3M2. Tel: 519-649-6161 Fax: 519.601.1146 Toll Free: 1.877.649.6161
Visit our Newly-Opened Office Locations:
3055 Dundas Street West, Unit-12A, Mississauga, Ont,L5L 3R8. Tel: 905-997-4050 Fax: 905-997-4058 Toll Free: 1-877-482-5001
Visit our Newly-Opened office 9733 Techmseh Road East, Unit#6 Windsor, ON N8R 1A5. Tel: 519-979-9989 Fax: 519-979-1005 Toll Free:1-877-482-5001
Renewal reminder service
Do you find that the expiry date of your insurance policies sneaks up on you, leaving you rushed to renew? Sign up for the MyInsuranceBroker
renewal reminder service, and we'll send you a note the month prior to
your policy's expiry date, and the month of your expiry, letting you
know it's time to shop around.
Visit our Offices at the following Locations
Head Office Location: 7355 Yonge Street, Thornhill, Ont. L3T 2B3 Tel:416-225-2375 (Toronto Line) Tel: 905-482-5001 Fax:905-482-5000 Toll Free: 1.877.482.5001
Visit our Richmond Hill Office at: 9140 Leslie Street, Unit#104, Richmond Hill, Ont, L4B 0A9. Tel: 905-597-8041 Fax: 905-597-8051 Toll Free: 1.877.482.5001
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