Tuesday, 8 January 2013

Insurance News - Tuesday, January 8, 2013

Here are the leading auto insurance headlines from ONTARIO AUTO INSURANCE TOPICS ON TWITTER for Tuesday, January 8, 2013:


  1. Wasn't the legislation amended a few years ago so as to make it a deceptive practice for an insurer to rely on an unqualified assessment (IME/IE) to deny policy benefits? Wasn't a fine the intended remedy for this form of transgression (deceptive practice)? Has such a fine ever been levied? If not - why not? Or am I wrong - was no such legislative change made a few years back? But if there was such a change - how is this "new" administrative fine much different in terms of a remedy for unqualified insurer assessments? Could you please clarify? I'm confused.

  2. Regulation 7/00 does not deal with assessment reports. There was a provision a decade ago but was removed by the provincial Cabinet the last time they amended the regulation.

    1. Are you saying that there was a provision made a decade ago that included unqualified assessments as a deceptive practice (punishible be fine) but which was subsequently removed by Cabinet? Why was it removed? And doubly "why" - given all these years later the same Liberal Cabinet is finally re-enacting the provision that serves as a remedy for unqualified/substandard insurer assessments?

  3. I am not privy to Cabinet decisions.


Comments are welcome on this blog. However, comments will be moderated and inappropriate and anonymous comments will not be posted. If you wish to have your comments posted please identify yourself. No advertising will be permitted.