Difference between revisions of "Optional ICBC Insurance (12:XI)"
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Apart from exclusions described above, a claim may be forfeited: | Apart from exclusions described above, a claim may be forfeited: | ||
*under s 75 of the IVA; | *under s 75 of the IVA, which states that an insured must not falsely describe the vehicle in respect of which the application is made, misrepresent or fail to disclose in the application a fact required to be stated, violate a term or condition of the insurance contract, or wilfully make a false statement with respect to a claim; | ||
*under s 169 of the IVR; | *under s 169 of the IVR; | ||
*if certain conditions are breached, including failure of the insured to comply with the IVR; or | *if certain conditions are breached, including failure of the insured to comply with the IVR; or | ||
*if any regulation is breach by the insured | *if any regulation is breach by the insured. For an exhaustive list, see IVR, s 55. | ||
The principal examples of failure to comply with, or breach of, regulations are: | The principal examples of failure to comply with, or breach of, regulations are: | ||