To the attention of all insurance companies licensed
to transact automobile insurance in Ontario
The Ontario Insurance Commission (OIC) has made minor clarifying amendments to two of the 16 policy change (endorsement) forms issued on March 10, 1995 through OIC Bulletin No. A-02/95. These forms are used with the Ontario Automobile Policy (OAP 1) and the Ontario Application for Automobile Insurance (OAF 1).
The forms which are amended are:
- OPCF 43 - Removing Depreciation Deduction.
- OPCF 43A - Removing Depreciation Deduction for Specified Lessee(s).
We have amended these two forms because there is a need to clarify:
- the amount paid;
- how the OPCF 43 and OPCF 43A apply where there is a direct compensation property damage loss; and
- the time period for coverage.
Attached to this bulletin are the revised forms which are dated July 18, 1995. Please discard all previously issued OPCF 43 and OPCF 43A forms dated August 10, 1994.
Insurance companies licensed to transact automobile insurance in Ontario should use these two revised forms, starting September 1, 1995.
Use of forms
Please note that the content of the forms may not be altered. In addition, no part of any form can be reproduced or used for any other purposes other than what they were intended for.
Forms in different version
Automobile insurance companies that need a different version of the policy change (endorsement) forms outlined in this bulletin, must file a request with the OIC for approval of a non-standard policy change form using different names and/or numbers. When filing such a request, please indicate which standard form you wish to change.
How to get the new forms
Copies of the amended forms, OPCF 43 and OPCF 43A, are attached to this bulletin in English and French. To obtain a copy of the artwork on disk for the forms you need, please send your request by fax to the attention of the Administrative Officer, Corporate Operations Branch, OIC, indicating both the title and the code number of the forms you wish to acquire. The fax mumber is (416) 590-7070. If you need additional information on these amended forms, please contact your rate analyst in the Rates and Classifications Branch of the OIC.
D. Blair Tully
July 31, 1995