IN THE MATTER OF
the Utilities Commission Act, RSBC 1996, Chapter 473
the Insurance Corporation Act, RSBC 1996, Chapter 228, as amended
Insurance Corporation of British Columbia
Application in Support of a COVID-19 Basic Insurance Rebate
on February 26, 2021
A. On February 12, 2021, the Lieutenant Governor in Council approved Order in Council No. (OIC) 073/21 directing the Insurance Corporation of British Columbia (ICBC) to apply to the British Columbia Utilities Commission (BCUC) by February 16, 2021 for approval of a COVID-19 Basic insurance rebate by way of Basic Insurance Tariff (Tariff) amendments related to the Government Directive of January 26, 2021 with respect to the Application in Support of COVID-19 Rebate as set out in OIC 073/21 (the January 2021 Government Directive regarding a COVID-19 Rebate);
B. On February 12, 2021, the Lieutenant Governor in Council approved OIC 074/21, amending Special Direction IC2 to the British Columbia Utilities Commission, B.C. Reg 307/2004 (Special Direction IC2) such that, within 10 days of ICBC applying for changes in accordance with the January 2021 Government Directive regarding a COVID-19 Rebate, the BCUC must approve and set the changes to rates;
C. On February 16, 2021, in accordance with OIC 073/21, ICBC filed its Application in Support of a COVID-19 Basic Insurance Rebate (Application) with the BCUC;
D. ICBC sought approval of the amended Tariff pages attached in the January 2021 Government Directive regarding a COVID-19 Rebate, as provided in Appendix A of the Application, to be effective March 1, 2021;
E. In the Application, ICBC explains the rationale for providing a COVID-19 Basic insurance rebate and the associated Tariff amendments required for its implementation;
F. On February 23, 2021, ICBC submitted responses to BCUC staff questions regarding the Application; and
G. The BCUC considers that approval of the Application is required in accordance with OICs 073/21 and 074/21 as directed. The BCUC has not reviewed the Application for its regulatory justification.
NOW THEREFORE the BCUC orders that the Tariff pages attached to the January 2021 Government Directive regarding a COVID-19 Rebate are approved as filed in the Application, effective March 1, 2021.
DATED at the City of Vancouver, in the Province of British Columbia, this 26th day of February 2021.
Original signed by:
B. A. Magnan