FSCO.Covgs Flashcards
1
Q
define accident benefits
A
benefits received if insured injured or killed in auto accident
2
Q
define catastrophic injury
A
serious, life threatening, loss of eyesights
3
Q
define tort deductible
A
the amount that is deducted from a settlement or court award for pain and suffering
4
Q
strategy for controlling accident benefit costs
A
introduce minor injury guidelines with compensation cap of $3500
5
Q
identify a Canadian legal case related to minor injury guidelines
A
Morrow vs. Zhang (2004)
- challenged AB’s $4000 cap on compensation for minor injuries
- cap was upheld
6
Q
identify 2 ON legal cases related to CAT injuries
A
Kusnierz v Economical
Aviva v Pastore
7
Q
what is the purpose of a tort deductible?
A
to reduce litigation of minor claims
