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"The ABI says this system is already in place in Ontario, Canada, where for this first 15 years a short-term variable rate applies, updated annually to reflect returns on yields, with a fixed rate of 2.5% applying after 15 years."

Does the 2.5% refer to the Discount Rate? If so, effectively the ABI is saying "variable rates [presumably not more-favourable?]for the first 15 years, then back to the old rate which many people accept undercompensates seriously injured Claimants."

So not much different than the ABI's position before...?

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