New FSCO Guideline Regarding the Cost of Interpreter Services and HST

In November 2010, the Financial Services Commission of Ontario issued Superintendent’s Guideline No. 08/10. The new guideline stipulates that:

1. The cost of interpreters is not covered by the SABS and therefore does not fall within the $2,000 assessment cap. Instead, insurers may reimburse claimants for interpreter services costs as an adjusting expense.
2. HST is payable over and above the amount payable under the SABS, such as over and above the $2,000 assessment cap.

• Costs of Assessments and Examinations Guideline 
  Superintendent’s Guideline No. 08/10

Click here for more SABS information