To the attention of all insurance companies
licensed to transact automobile insurance in Ontario
With this Bulletin, the Financial Services Commission of Ontario (FSCO) is releasing a revised Professional Services Guideline and a revised Transportation Expense Guideline, that both become effective on September 1, 2010.
Revised Professional Services Guideline
The revised Professional Services Guideline – Superintendent’s Guideline No. 06/10 (revised Professional Services Guideline) reflects the reforms under the Statutory Accident Benefits Schedule – Effective September 1, 2010.
Consistent with the current Professional Services Guideline – Superintendent's Guideline No. 04/10, the Harmonized Sales Tax (HST) is payable in addition to the rates and fees outlined in the revised Professional Services Guideline, when applicable. The applicability of the HST falls under the jurisdiction of the federal government’s Canada Revenue Agency (CRA). For additional information regarding the applicability of the HST, please visit the CRA’s website at: www.cra-arc.gc.ca or contact them at: 1-800-959-5525.
The fees for the completion and submission of the forms listed in the revised Professional Services Guideline are capped at $200. These fees include all assessments and work that are required to complete and submit the forms.
Revised Transportation Expense Guideline
The revised Transportation Expense Guideline – Superintendent’s Guideline No. 05/10 (revised Transportation Expense Guideline) applies to all travel that occurs on or after September 1, 2010, regardless of the date of the accident.
For travel occurring on or after September 1, 2010, the transportation expense rate has increased from $0.34/km to $0.38/km.
Both Guidelines are issued by FSCO under section 268.3 (1) of the Insurance Act.
The revised Professional Services Guideline and the revised Transportation Expense Guideline are attached for your information and can also be downloaded from the FSCO website at www.fsco.gov.on.ca. Both Guidelines will also be published in a forthcoming edition of The Ontario Gazette.
Chief Executive Officer and
Superintendent of Financial Services
July 21, 2010