Regulation - LGIC
Proposed amendment to Ontario Regulation 34/10 (Statutory Accident Benefits Schedule - Effective September 1, 2010) under the Insurance Act
Regulation Number(s):
194/11
Instrument Type:
Regulation - LGIC
Bill or Act:
Insurance Act
Summary of Decision:
Insurers are required to pay an invoice submitted by a service provider within 30 days of receiving the invoice. This amendment provides that an invoice is not payable by an insurer if upon request of the insurer, the service provider fails to provide information as to the circumstances giving rise to the invoice, including proof of the provider's identity and particulars regarding the goods and services delivered to the claimant and other information required to assist the insurer in determining the insurer's liability for payment.
Further Information:
Ontario Regulation 194/11
Proposal Number:
11-MOF013
Posting Date:
April 4, 2011
Summary of Proposal:
Insurers are currently required to pay an invoice submitted by a service provider within 30 days of receiving the invoice. This proposed amendment would provide that an invoice is not payable by an insurer if upon request of the insurer, the service provider fails to provide information as to the circumstances giving rise to the invoice, including proof of the provider's identity and particulars regarding the goods and services delivered to the claimant and other information required to assist the insurer in determining the insurer's liability for payment.
Contact Address:
Industrial and Financial Policy Branch
Ministry of Finance
Frost Building North, 4th Floor
95 Grosvenor Street
Toronto, Ontario M7A 1Z1
Fax: 416-325-1187
Ministry of Finance
Frost Building North, 4th Floor
95 Grosvenor Street
Toronto, Ontario M7A 1Z1
Fax: 416-325-1187
Effective Date:
July 1, 2011
Decision:
Approved