Maybe Pitchka misread/understood it a bit.
In the UK (don't know how it is in Canada) but in the UK when a private owner reaches 500hrs, the insurance will decrease significantly.
Not sure if this is also for commercial operations but 100% sure that for a private owner, the insurance becomes less painful after 500hrs.
Does this make the pilot an expert at 500hrs.......I think you would need an extra 0 to get to expert level.