Major change in automatic catastrophic impairment designation landscape

By Andrew Leroy Rudder ( March 18, 2021, 8:45 AM EDT) -- Last fall, the catastrophic impairment (CAT) designation landscape changed again, when the Financial Services Regulatory Authority of Ontario (FSRAO) implemented the new “Guideline on Public Hospitals and Determination of Catastrophic Impairment.” It took effect on Oct. 17, 2020, replaced the old “Superintendent’s Guideline No. 01/16”, and named public hospitals for the purposes of clause 5(i) of s. 3.1(1) of the Statutory Accident Benefits Schedule — Effective Sept. 1, 2010 (SABS 34/10)....