Time is running out! Take advantage of FSCO’s August 31st licensing decision commitment

July 31, 2014, Issue 8

Service provider licensing comes into effect December 1, 2014

 
As of December 1, 2014, you will require a service provider licence issued by the Financial Services Commission of Ontario (FSCO) to invoice and receive payment directly from automobile insurers for specific "listed expenses", in connection with statutory accident benefits provided on or after December 1, 2014.
 
Visit FSCO's website to apply now. Don’t delay.

 

 

If you submit your application before August 31, 2014, you will receive priority treatment and be assured of a licensing decision by November 30, 2014. 

Service providers are taking action

 
FSCO began accepting service provider licence applications on June 1, 2014 and to date, more than 2,000 applications have been initiated – proof that service providers are making sure they can continue to be paid directly by auto insurance companies when the law comes into effect on December 1, 2014.
 
Dr. Moez Rajwani, President, North York Healthcare Associates, and Nick Gurevich, Executive Director of FunctionAbility are among the many service providers that have already applied and received service provider licences.
 

The licensing process was one that my members were very nervous about. As part of the initial process, I took it upon myself to be one of the first to apply so I could learn the process. The application form was easy to navigate through, and the FAQ's were very helpful. I was able to navigate through the process and the help desk was very supportive in addressing any issues that came up. I encourage all to apply and be ready for December!

Dr. Moez Rajwani
 

I'm happy that we're now licensed and that come December 1, 2014, there will no impact on our practice and that it will be business as usual for us. I would advise you to start your application early, as FSCO needs time to do its due diligence in assessing applications.      

Nick Gurevich
 
If you haven’t done so already, join Mr. Gurevich and Dr. Rajwani, and submit your service provider licence application by August 31, 2014.

Be among the first to be listed on FSCO's public registry

 
FSCO is required by law to post a public registry of all licensed service providers.  This registry will be available on our website as early as August 31, 2014. 
 
The registry will help both automobile insurers and statutory accident benefits claimants quickly identify service providers that are licensed and those that have had their licences suspended or revoked. Licensed providers will continue to be able to invoice and receive direct payment from automobile insurers with no impact on their patients.

Must watch: How and why to apply

 
See FSCO's online Guide to Service Provider Licensing for details on FSCO's licensing and compliance requirements.

Questions?

 
Telephone: 416-250-7250
Toll free: 1-800-668-0128
Fax: (416) 590-7070
TTY: 1-800-387-0584
 
FSCO posts answers to frequently asked questions on its website.