What does the Statutory Accident Benefits Schedule (SABS) regulate?

The Statutory Accident Benefits Schedule (SABS) is a crucial component of Ontario's automobile insurance framework that specifically outlines the benefits available to individuals injured in automobile accidents. This regulation ensures that those who suffer injuries due to car accidents can access necessary medical treatment, rehabilitation services, income replacement, and other forms of support without having to prove fault or negligence.

The emphasis on providing benefits directly aids in the recovery process for injured individuals, establishing a clear pathway for them to receive assistance promptly. The SABS operates under the principles set forth in Ontario's insurance regulations, and it is a fundamental part of ensuring care and support for victims of automobile accidents, which is why it is the correct answer.

The other choices pertain to different aspects of automobile regulations; however, they do not align with the specific purpose of the SABS. For instance, insurance premiums involve the cost elements related to purchasing auto insurance, traffic laws govern the operation of vehicles on the roads, and legal definitions of negligence pertain to liability in personal injury cases, none of which are directly regulated by the SABS.