Applicant disentitled to income replacement benefits beyond minimum rate for failing to provide requested financial information.
The applicant was injured in a motor vehicle accident and applied for income replacement benefits.
The insurer requested corporate financial information and source documentation to calculate the benefits, as the applicant was self-employed through a closely-held corporation.
The applicant failed to provide the requested information in a timely manner and provided no reasonable explanation for the delay.
The arbitrator found that the applicant breached section 33 of the Statutory Accident Benefits Schedule and was disentitled to income replacement benefits beyond the minimum rate of $185 per week for the period of non-compliance.
OFSCDRSOntario Financial Services Commission - Dispute Resolution ServicesOct 4, 2002
