New FSCO Guideline Regarding the Cost of Interpreter Services and HST
December 1, 2010
In November 2010, the Financial Services Commission of Ontario issued Superintendent’s Guideline No. 08/10. The new guideline stipulates that:
- 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.
- HST is payable over and above the amount payable under the SABS, such as over and above the $2,000 assessment cap.
Click here for more SABS information