Amendments to the Settlement Disclosure Notice

 
Bulletin
No. A-08/16
Property & Casualty
– Auto
 
To the attention of all insurance companies licensed to transact automobile insurance and service providers in Ontario

​​

NOTE: The bulletins that are posted on this website are provided for historical reference purposes. The information in these bulletins is accurate on the date the information is published, but is subject to change and may be replaced by more recent bulletins.


An order that is made regarding a licence holder reflects a situation at a particular point in time. The status of a licence holder can change. Readers should check the current status of a person's or entity's licence on the Licensing Link section of FSCO's website. Readers may also wish to contact the person or entity directly to get additional information or clarification about the events that resulted in the order.


These bulletins may include forms that are no longer up-to-date or accurate. Readers should visit the forms section of the FSCO website, to ensure they are using the most recent version of a FSCO form.

​​​​​
This Bulletin highlights a number of changes and updates to the Settlement Disclosure Notice (SDN) form approved by the Superintendent for use in connection with accident benefit claims. This form has been amended primarily to reflect changes to the automobile insurance system that are effective June 1, 2016.

 

Amendments to this form are based on filed regulation amendments to the Statutory Accident Benefits Schedule - Effective September 1, 2010 and Automobile Insurance (R.R.O. 1990, Reg.664) and have been made in consultation with various industry representatives.
 
 

Highlights of Changes to the Settlement Disclosure Notice

 
Changes to this form include, but are not limited to, the following:
 
  • The descriptions of the benefits have been updated.
  • References to the Ministry of the Attorney General’s Licence Appeal Tribunal (LAT) have been added to align with the change in the dispute resolution process. 
 

Effective Date of the Form

 
The revised form is to be used on or after April 1, 2016.
 

How to Obtain the Revised Form

 
A copy of the revised Settlement Disclosure Notice is included as an attachment to this Bulletin, and is also available on FSCO's website at: www.fsco.gov.on.ca.  
 

Brian Mills
Chief Executive Officer and
Superintendent of Financial Services
 
March 30, 2016
 
 

Attachments

 

 

 


Follow FSCO on social media  

hotline-en.jpg 

Outage  Scheduled Online Service Disruption Notice
Please consult our outage schedule for more details.