Insurance
FAQs
How much is the individual deductible?
Effective May 1, 2000 the individual deductible was replaced by a surcharge.
- For any claim paid, a surcharge will be applied to the Insured’s next insurance levy and the insurance levy for each of the four following years
- The surcharge is 40% of the full practising levy as set for each of the five years following the payment of a claim
- Each paid claim triggers the surcharge
- The Insured may be given the option to pay the claim and not have the insurance levy surcharged. If this option is extended to the Insured, they will have a set period of time in which to pay the amount of the claim after which the Society will be notified that the surcharge applies. The time period for paying a claim will not be extended in such a way as to avoid a levy on the next invoice
For example, if aclaim is paid in the current Policy year 2010/2011, the Insured receives a surcharge on the insurance levy of 40% on their 2010/2011 invoice from the Nova Scotia Barristers’ Society. If the insurance levy for 2010/2011 is set at $1887, a surcharge of $754.80 will be applied. This will occur for each of the five years following the date of the claim payment. The surcharge in each year will vary with the amount of the insurance levy for that year.
How much is the Group Deductible?
$300,000 per occurrence.
How do I make a claim?
Visit the ‘When and How to Report’ page in our ‘Claim Reporting’ section for more detailed information.