February 29, 2016
Ontario Auto Reform 2016
We would like to inform everyone of the upcoming auto reform that will take effect June 1, 2016. There will be significant changes for the available coverages particularly under the Statutory Accident Benefits Schedule.
Preliminary information on the changes can be found on various industry websites and we encourage everyone to visit these resources:
- Financial Services Commission of Ontario (FSCO) (consumers)
- Financial Services Commission of Ontario (FSCO) (industry)
- Insurance Brokers Association of Ontario (IBAO)
- Insurance Institute
We will provide further updates and guidance on the reforms over the coming months.