Reducing Burden Under the Insurance Act and Its Regulations: Proposed amendments to revoke outdated Statutory Accident Benefit Schedules, repeal the sections of the Act that provide for them and remove outdated references to "Schedule C".
R.R.O. 1990, Reg. 672: Statutory Accident Benefits Schedule – Accidents Before January 1, 1994
O. Reg. 776/93
O. Reg. 403/96: Statutory Accident Benefits Schedule – Accidents on Or After November 1, 1996
O. Reg. 34/10 – Statutory Accidents Benefit Schedule – Effective September 1, 2010
R.R.O. 1990, Reg. 664: Automobile Insurance
Regulation - LGIC
Bill or Act:
Summary of Decision:
To reduce burden on businesses and consumers, in March 2020 the Ontario government approved regulations to:
1. Revoke the following three predecessor Statutory Accident Benefits (SABS) regulations made under the Insurance Act:
i. Regulation 672 (Statutory Accident Benefits Schedule - Accidents Before January 1, 1994)
ii. Ontario Regulation 776/93 (Statutory Accident Benefits Schedule - Accidents After December 31, 1993 And Before November 1, 1996)
iii. Ontario Regulation 403/96 (Statutory Accident Benefits Schedule - Accidents On Or After November 1, 1996)
2. Amend the current SABS regulation, Ontario Regulation 34/10 (Statutory Accident Benefits Schedule - Effective September 1, 2010) made under the Insurance Act, to provide that the predecessor SABS regulations continue to apply for accidents that occurred before September 1, 2010.
Please see the filed regulations at the following links:
Analysis of Regulatory Impact:
The proposed amendments, if approved, would remove outdated and unnecessary provisions in the Act and regulations. By removing outdated and unnecessary requirements, these changes will make it easier and simpler for people and insurance companies reading the legislation and regulations, and will contribute to the government's burden reduction commitments.
The proposed amendments would not increase compliance costs on businesses and key business sectors, and would have no impact on the Broader Public Service or non-profit sectors. There is no cost to government as a result of this proposal. Revoking three predecessor SABS regulations and amending the current SABS regulation should not affect an individual making a claim today. The current Schedule would be amended to provide that the prior regulations continue to apply for accidents occurring in those prior periods.
September 25, 2019
Summary of Proposal:
To reduce burden, the Ministry of Finance is proposing to remove outdated and unnecessary provisions in the Insurance Act and regulations. This would clean up the Act and make it easier to understand.
O. Reg. 34/10: Statutory Accident Benefits Schedule (SABS) sets out the benefits an individual is entitled to if they are injured in an automobile accident on or after September 1, 2010. The Ministry is proposing to revoke three regulations (i.e., outdated SABS Schedules) under the Insurance Act that provide for accident benefits as a result of an injury from a motor vehicle accident before September 1, 2010. It is also proposing to repeal the sections of the Act that provide for these regulations.
In addition to the proposed revocation of the three predecessor SABS regulations, the current Schedule would be amended to provide that the prior regulations continue to apply for accidents occurring in those prior periods. Revoking three predecessor SABS regulations and amending the current SABS regulation should not affect an individual making a claim today.
The revoked regulations would also continue to be accessible on e-laws under the "Repealed / Revoked / Spent" filter.
The Ministry is also proposing to remove outdated references to Schedule C in section 224 of the Act and in RRO 1990 Reg 664 and O. Reg 34/10.
Insurance Policy Unit
Financial Institutions Policy Branch
Ministry of Finance
95 Grosvenor Street
Frost Building North, 4th Floor
July 3, 2020