Investor Presentaiton
MINOR INJURY
CAP
REGULATIONS
CONTINUED
3.
4.
Risks associated with litigating the uncertainties
surrounding the regulations acted as a significant
disincentive to claimants pursuing fair
compensation. Alberta's 'loser pays' costs system
meant that unsuccessfully challenging an insurance
company could result in significant court costs.
The regulations entangled the medical profession
and the Superintendent of Insurance into the
costs and administration of the regulatory
scheme surrounding the cap. Such costs include
those associated with the administration of the
diagnostic and treatment protocols and
certification and administration of a roster of
certified medical examiners who opine on
whether or not an injury is minor.
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