Oversight of SABS Ceased May 1, 2008, by Financial Services Commission of Ontario (FSCO)
The following content was archived on May 1, 2008, and is provided for historical reference. Information is subject to change and may no longer be accurate.
Regulation changes filed by the Ontario Government ended all filing requirements, restrictions and FSCO’s oversight for SABS representatives under the Insurance Act effective May 1, 2008.
With passage of the Access to Justice Act, 2006, in the fall of 2006, the Law Society of Upper Canada (Law Society) assumed responsibility for the regulation of paralegals, which included the activities of SABS representatives.
Paralegals/SABS representatives should refer to Bulletin A-04/08
for further information about the regulation changes which ended FSCO’s oversight.
Information regarding paralegal regulation is available on the Law Society’s website
. Individuals also can send any questions they may have to the Law Society via e-mail at: email@example.com
, or call 1-800-668-7380 or 416-947-3315.
Since November 1, 2003, SABS representatives were required to comply with FSCO filing requirements and a Code of Conduct published by the Superintendent of Financial Services. This includes requirements for carrying errors and omissions insurance, disclosing conflicts of interest and prohibited SABS representatives from representing catastrophically impaired claimants or accepting referral or contingency fees.
Effective May 1, 2008, these filing requirements, restrictions and FSCO’s oversight for SABS representatives under the Insurance Act ended. These provisions are addressed in various forms by the Law Society, under its By-Laws, including the Paralegal Rules of Conduct.
On or after May 1, 2008, only individuals who are licenced to provide legal services or who are exempt from licensing requirements under the Law Society Act and By-Laws can represent claimants in the dispute resolution process at FSCO.
FSCO will continue complaint and enforcement proceedings against SABS representatives for compliance issues that arose prior to May 1, 2008. Although the Law Society now regulates paralegals and SABS representatives, complaints regarding contraventions of the Insurance Act and regulations, including unfair or deceptive acts or practices, should still be directed to FSCO's attention.
For Information about the requirements and provisions governing SABS representatives under the Insurance Act and Regulations for the period November 1, 2003 to April 30, 2008, please e-mail FSCO at firstname.lastname@example.org
or call 416-250-7250 or toll-free 1-800-668-0128, ext. #7250.