Ontario Auto Insurance 5 years Review

Purpose of the review    Section 289 of the Insurance Act requires the Superintendent of the Financial Services Commission of Ontario (FSCO) to undertake every three years a review of Part VI of the Insurance Act (Automobile Insurance) and related regulations. In 2013, the government consolidated existing statutory auto insurance reviews and increased the frequency of a major review to every three years to better respond to the rapidly evolving auto insurance landscape in Ontario. FSCO is initiating a review of the auto insurance system to meet this requirement.    Part VI of the Insurance Act includes provisions that deal with approval of forms, motor vehicle liability policies, statutory conditions, direct compensation for property damage, court proceedings, and dispute resolution. Some of the regulations under Part VI include the Statutory Accident Benefits Schedule (SABS), uninsured automobile coverage, fault determination rules, disputes between insurers, court proceedings and coverages and categories of automobile insurance and risk classification systems.    Major reforms in 2010 brought about changes to increase consumer choice and stabilize auto insurance rates. From 2011 to 2013 additional changes were made to address fraud. As part of the government’s 2013 cost and rate reduction strategy, there are a number of separate initiatives currently reviewing various aspects of Ontario’s auto insurance system. These include an independent review of the auto insurance dispute resolution system, ongoing work by medical and scientific experts to develop an evidence-based treatment protocol for minor injuries, and a transparency and accountability report by outside experts.    The Superintendent’s report on this review is expected to be submitted to the Minister of Finance in or about the Fall of 2014.    Written Submissions   Consumers and stakeholders are invited to provide comments and suggestions on how to ensure a stable, sustainable and competitive auto insurance system, including: 

    reducing claim costs
    decreasing regulatory, product and administrative complexity for industry, service providers and consumers
    promoting greater consumer choice and protection
    increasing transparency in communications between insurers, service providers, policyholders and claimants
    improving the availability of auto insurance for individuals and businesses
    basing treatment of motor vehicle accident injuries on scientific and medical evidence, and
    considering approaches used in other jurisdictions

Please provide written comments no later than March 31, 2014, by email to the attention of Jennifer MacMillan, Senior Policy Consultant, Auto Insurance Policy Unit, FSCO  at 3YearReview@fsco.gov.on.ca.
   Submissions, materials and comments received may be posted on FSCO’s website or incorporated into the Superintendent’s report to the Minister of Finance. Collection, use and disclosure of submitted information are governed by the Freedom of Information and Protection of Privacy Act. 

Source: fsco.gov.on.ca/en/auto/Pages/ontario-auto-insurance-3-yr-review.aspx

Ontario Auto Insurance Five Year Review

The Superintendent of Financial Services is responsible for carrying out a review of Part VI of the Insurance Act (the Act) dealing with automobile insurance.


Part VI of the Act includes provisions that deal with the approval of forms, motor vehicle liability policies, statutory conditions, direct compensation, limitations on accident insurance, court proceedings, and dispute resolution. Some of the regulations under Part VI include: the Statutory Accident Benefits Schedule (SABS), uninsured automobile coverage, fault determination rules, disputes between insurers, and court proceedings.


The first review has been completed and the Report on the Five Year Review of Automobile Insurance has been delivered to the Minister of Finance.


 Statutory Report

    Memo to Minister Duncan
    Report on the Five Year Review of Automobile Insurance

Request for Submissions – June 3, 2008   Interested parties were invited to provide feedback on Ontario’s automobile insurance system. The comment period began June 3, 2008 and ended July 14, 2008. A total of 90 submissions were received.





    Letter from the Superintendent of Financial Services ​
    Letter from the Parliamentary Assistant to the Minister of Finance

Submissions to the Auto Insurance Five Year Review
 Consumers 

    Democracy Watch
    Mr. Simon Ho
    Consumer 1
    Consumer 3
    Consumer 4 

    Consumer 5
    Consumer 6
    Consumer 7
    Consumer 8
    Consumer 9
    Consumer 10
    Consumer 11

    Consumer 12
    Consumer 13
    Consumer 14
    Consumer 15
    Consumer 16
    Consumer 17
    Consumer 18 

    Consumer 19
    Consumer 20
    Consumer 21
    Consumer 22
    Consumer 23
    Consumer 24
    Consumer 25​

Health Care Providers 

    Canadian Society of Chiropractic Evaluators
    Coalition Representing Health Professionals in Automobile Insurance Reform
    Herrold & Vernon EvalWorks
    Linda Walker & Associates Inc.
    Ontario Association of Social Workers
    Ontario Association of Speech-Language Pathologists and Audiologists
   
    Ontario Chiropractic Association
   
    Ontario Massage Therapist Association
    Ontario Physiotherapy Association
    Ontario Psychological Association
    Ontario Society of Occupational Therapists

Insurance Industry 

    ACE INA Insurance
    Allstate Canada
    Canadian Association of Direct Response Insurers
    Canadian Association of Financial Institutions in Insurance
    The Co-operators Group Limited
    The Dominion of Canada General Insurance Company
    Facility Association
    Insurance Brokers Association of Ontario
    Insurance Bureau of Canada
    Kingsway General Insurance Company
    Ontario Municipal Insurance Exchange
    Royal & SunAlliance Insurance Company of Canada
    TD Meloche Monnex
   
    Unifund Assurance
    Zurich Insurance Co. (Canada)
    Insurance Industry 1
    Insurance Industry 2 ​

Legal Representatives 

    The Advocates’ Society

    Bar Dispute Forum Group
    Carranza Barristers & Solicitors
    Ontario Bar Association
    Ontario Trial Lawyers Association
    ​
    Paralegal Society of Ontario
    Zarek Taylor Grossman Hanrahan LLP
    Legal Representative 1

Municipalities and Transit Systems 

    Canadian Urban Transit Association
    Toronto Transit Commission
    Regional Municipality of Durham
    City of Cornwall
    City of Mississauga
    City of Thunder Bay
    London Transit

Other Organizations 

    Associated Canadian Car Rental Operators
    Motorcycle and Moped Industry Council
    Provincial Towing Association (Ontario) Inc.
    Risk and Insurance Management Society, Inc.
    Sherlock Antitheft Marking Inc.
    Williams & Partners Forensic Accountants Inc.
    Other Organizations 1 ​

_{Source and all the above links :http://fsco.gov.on.ca/en/auto/5yr-review/Pages/default.aspx}