What does OPCF 47 address?

OPCF 47 specifically addresses the agreement not to rely on the Statutory Accident Benefits Schedule (SABS) priority of payment rules. This is important in the context of automobile insurance in Ontario, as it allows drivers to change or waive the standard rules regarding how benefits are paid out in the event of an accident. Normally, SABS outlines a set structure for determining which insurance policy is responsible for providing benefits to an injured party. By opting for OPCF 47, an insured individual can arrange for specific payment priorities that may differ from the default system outlined in SABS, providing them with more flexibility in their coverage options.

This can be particularly beneficial in situations where multiple vehicles or insurers are involved, allowing the insured to choose how benefits will be allocated in case of an accident, rather than strictly adhering to the province's mandated priorities.