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ARTICLE · 21 MAY 2014

PEI Auto Insurance Reforms: Change Is Coming

Stewart McKelvey
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The PEI government passed legislation that will result in significant changes to the standard automobile policy, effective October 1, 2014.

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Stewart McKelvey'S Insurance Practice Group
Stewart McKelvey'S Insurance Practice Group
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No really. We mean it this time.

During the Spring 2014 sitting of the legislature, the PEI government passed legislation that will result in significant changes to the standard automobile policy, effective October 1, 2014. Most notably, the amended legislation will:

  • Increase no-fault accident benefits (i.e. Section B benefits).
  • Increase the "cap" on minor personal injuries.
  • Make significant changes to the definition of "minor personal injury".

The government has also laid the groundwork for a shift to direct compensation for property damage, although direct compensation is not expected to come into effect until sometime in 2015.

1. Increase in No-Fault Accident Benefits

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