INCURRED EXPENSES – A NEW CHALLENGE FOR ACCIDENT VICTIMS
On September 1, 2010, the interpretation of "incurred expense" will change and will create new challenges for the families of innocent accident victims.THE SABS HAVE BEEN AMENDED TO INCLUDE THE FOLLOWING SECTION:3(7)(e) subject to subsection (8), an expense in respect of goods or services referred to in this Regulation is not incurred by an insured person unless,the insured person has received the goods or services to which the expense relates,
the insured person has paid the expense, has promised to pay the expense or is otherwise legally obligated to pay the expense, and
the person who provided the goods or services,did so in the course of his or her regular occupation or profession, or
sustained an economic loss as a result of providing the goods or services to the insured person.HISTORYFrom 1991 to 19941 the ...