What are the effective dates for the new claims practice procedures required by the revised Regulation 68?
• Ans: With some clarifications or exceptions, the new claims practice procedures contained in Regulation 68-C are in effect as of April 5, 2002. The following are the clarifications or exceptions: Simple interest will be paid by insurers for overdue claims arising from accidents that occur on or after April 5, 2002. The Explanation of Benefits must be provided for claims received by insurers on or after April 5, 2002. Benefits for Other Necessary Expenses may no longer be assigned for claims arising from accidents that occur on or after April 5, 2002.
