Updated Professional Services Guideline

Bulletin

No. [A-03/12]

[Property & Casualty]

[-Auto]

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 an updated Professional Services Guideline (Guideline).

The revised Guideline increases the maximum hourly rates by 2.9 per cent. This increase is based on the 2011 Consumer Price Index (CPI) and applies to services rendered on or after July 14, 2012.

Authority

This Guideline is issued by FSCO under subsection 268.3 (1) of the Insurance Act.

Copies

The revised Guideline is attached for your information and can also be downloaded from the FSCO website at www.fsco.gov.on.ca. It will also be published in The Ontario Gazette.

Philip Howell

Chief Executive Officer and

Superintendent of Financial Services

July 13, 2012