https://www5.fsco.gov.on.ca/AD/4940
ANALYSIS
The Arbitrator found section 2(1) of the New Regulation to be clear and unambiguous; for accidents occurring on or after September 1, 2010, the benefits payable (other than optional benefits) were under the New Regulation, including interest payable at 1 percent per month. She stated that if the Legislature’s intention was that an insurer would not be subject to the new, reduced interest provision in the New Regulation, that could have been specified, but it was not.