In Ontario, a claimant under O.A.P. 1 Owner's Policy Accident Benefits coverage may be entitled to Income Replacement Benefits. The amount of this benefit will be reduced by collateral payment for Loss of Income which the claimant receives or is eligible to receive. Indicate which one (1) of the following is considered to be a collateral payment under the Statutory Accident Benefits Schedule (SABS).
In Ontario, a claimant under O.A.P. 1 Owner's Policy Accident Benefits coverage may be entitled to Income Replacement Benefits. The amount of this benefit will be reduced by collateral payment for Loss of Income which the claimant receives or is eligible to receive. Indicate which one (1) of the following is considered to be a collateral payment under the Statutory Accident Benefits Schedule (SABS).
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Transcribed Image Text:In Ontario, a claimant under O.A.P. 1 Owner's Policy Accident Benefits
coverage may be entitled to Income Replacement Benefits. The amount of
this benefit will be reduced by collateral payment for Loss of Income
which the claimant receives or is eligible to receive. Indicate which one (1)
of the following is considered to be a collateral payment under the
Statutory Accident Benefits Schedule (SABS).
Payments under a sick leave plan available to the claimant but that are not
being received.
Benefits under the Employment Insurance Act (Canada).
Net weekly payments being received under any income Continuation Plan.
Worker's Compensation Benefits not being received because the claimant
has elected under the law to bring an action.
Transcribed Image Text:Imani's home insurance has been automatically renewed for the past ten
years. Each year, an automated notice of renewal is sent to her by her
Broker's office staff and she pays her bill. Throughout this time, she has
reported no claims. After a number of increases without an explanation,
Imani cancels her renewal in favour of a policy with better coverage and a
lower rate. How could her Broker have better fulfilled their obligation to
Imani, and perhaps kept the client?
Nothing. Imani got her renewal letters on time. If something needed to be
updated, Imani should have advised her Broker.
Connect with Imani to review her policy regularly to see if she qualified for
new discounts, needed updated coverage, and perform market
comparisons.
10:12 AM
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