To the attention of all insurance companies licensed
to transact automobile insurance in Ontario
The Financial Services Commission of Ontario (FSCO) is pleased to provide, for your information, a copy of the Pre-Assessment Cancellation Fee Schedule for Disability and Medical/Rehabilitation Designated Assessment Centres and the Guide For the Use of the Pre-Assessment Cancellation Fee Schedule.
The Pre-Assessment Cancellation Fee Schedule was used during a six month trial period ending November, 2000. DAC system stakeholders were invited and encouraged to provide the DAC Committee with feedback and data supporting any request for modifications to the model. The DAC Committee has gathered and analysed this input, and have modified the Schedule to produce a model that is fair to all DAC stakeholders.
The Pre-Assessment Cancellation Fee Schedule represents a stepped model to be employed in the calculation of a cancellation fee once the Disability or Medical/Rehabilitation DAC receives a referral. The Schedule only applies to those cases where a cancellation occurs before the assessment process has begun. No report is produced in these cases. The total cancellation fee is calculated on a cumulative basis depending upon when the assessment is cancelled.
The Guide for the Use of the Pre-Assessment Cancellation Fee Schedule provides stakeholders with further information on the application of the schedule and a more detailed explanation of the charges applicable at each exit point in the schedule.
These new documents reflect the ongoing commitment of FSCO and the Minister’s Committee to ensure that the DAC system is fair, accessible, timely and cost-effective.
Please ensure that the information contained in this bulletin is brought to the attention of your ADR Coordinator.
For More Information and to Provide Feedback
Questions about this bulletin and should be directed to FSCO’s Accident Benefits Analysis Unit at 416-590-7137 or 1-800-668-0128 extension 7137. The fax number is (416) 590-7265. Written feedback regarding the Cancellation Fee Schedule for Disability DAC assessments can be faxed to the above number or forwarded to:
Accident Benefits Analysis Unit
Financial Services Commission of Ontario
5160 Yonge Street, Box 85
North York ON M2N 6L9
Dina Palozzi
Chief Executive Officer and
Superintendent of Financial Services
June 29, 2001
Attachments (PDF):
Pre-Assessment Cancelation Fee Schedule for DAC
Guide for the use of the Pre-Assessment Cancellation fee Schedule