ORDER NUMBER
G-188-16
IN THE MATTER OF
the Utilities Commission Act, RSBC 1996, Chapter 473
and
the Insurance Corporation Act, R.S.B.C. 1996, Chapter 228, as amended
and
Insurance Corporation of British Columbia
Application for Approval of the High-value Vehicle Charge and
Amendments to the Basic Insurance Tariff
BEFORE:
D. M. Morton, Commissioner
H. G. Harowitz, Commissioner
R. I. Mason, Commissioner
R. D. Revel, Commissioner
on December 15, 2016
ORDER
WHEREAS:
A. On December 6, 2016, the Lieutenant Governor in Council approved and ordered Order in Council 909, amending Special Direction IC2 to the BC Utilities Commission, BC regulation 307/2003, as amended (Special Direction IC2), which directs the British Columbia Utilities Commission (Commission) to approve and set the rates for the high-value vehicle charge, within 20 days of the Insurance Corporation of British Columbia (ICBC or corporation) applying for approval of the charge in accordance with a government directive;
B. On December 6, 2016, the Lieutenant Governor in Council approved and ordered Order in Council 910, which amended the Insurance Vehicle Regulation (IVR), adding section 15.9 to give ICBC the authority to set the amount payable to the corporation for the issue of the types of certificates respecting coverage for the types of high-value vehicles designated by the corporation for this purpose;
C. On December 6, 2016, the Lieutenant Governor in Council approved and ordered Order in Council 908, the government directive regarding the high-value vehicle charge, which directs ICBC to implement the high-value vehicle charge in the amount and with the particulars set out in the amended pages to the Basic Insurance Tariff (Tariff) that are attached to the government directive;
D. On December 7, 2016, ICBC filed an Application pursuant to Order in Council 908 seeking a Commission order to amend the Tariff with respect to the high-value vehicle charge.
E. The Commission reviewed the Application and considers that its approval is required.
NOW THEREFORE pursuant to section 3 of the Utilities Commission Act the British Columbia Utilities Commission orders as follows:
1. The Basic Insurance Tariff pages in Attachment A to this order, which exclude reference to fleets and garage vehicle certificates, are approved, effective January 8, 2017.
2. The Basic Insurance Tariff pages in Attachment B to this order, which indicate a charge for fleets and garage vehicle certificates, are approved and will be effective upon Insurance Corporation of British Columbia (ICBC) notifying the Commission that certificates for vehicles insured in a fleet and vehicles insured as owned vehicles under a garage vehicle certificate are administered in ICBC’s new policy administration system.
3. ICBC is directed to submit any necessary consequential amendments to the attached pages of the Basic Insurance Tariff, and any other tariff pages, to reflect dates of implementation and any changes to the Basic Insurance Tariff approved before the attached pages are implemented.
DATED at the City of Vancouver, in the Province of British Columbia, this 16th day of December 2016.
BY ORDER
Original signed by:
D. M. Morton
Commissioner
Attachments