provinces that participate in UAF

mandatory_coveragesmandatory_coverages
edited January 31 in Dutil.FA

UAF doesn't include Ontario, but it includes the ON cat claim fund excluded from RSP? Is the cat fund just completely separate to UAF?

Also is there a list of the provinces that participate in FARM, RSP, and UAF? I think I saw one but I can't find it

Comments

  • Staff-TSStaff-TS
    edited February 1

    At the time of this paper, the RSP specifically excluded the catastrophic claim fund established to facilitate the payment of Ontario statutory accident benefits claims due from a specified insolvent insurer. Think of this as a fund for claims where an individual was unable to receive compensation from another individual who was at-fault for an accident, due to their insurer becoming insolvent.

    This is a similar to the scenario in which the UAF was designed for, which is to compensate innocent victims when an uninsured or unidentified motorist causes injuries or damages. As such, the UAF and cat claim fund are combined.

    Things have changed since this paper was written, but at the time, it was:

    • UAF: New Brunswick, Nova Scotia, Newfoundland & Labrador, and Prince Edward Island.
    • RSP: Ontario, Alberta, New Brunswick, Nova Scotia
    • FARM: Alberta, Ontario, New Brunswick, Nova Scotia, Newfoundland & Labrador, Prince Edward Island, Yukon, Northwest Territories, Nunavut
Sign In or Register to comment.