Difference between revisions of "ICBC and Basic Coverage (12:III)"
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In cases of hit and run accidents involving an underinsured motorist, underinsured motorist protection only applies where: | In cases of hit and run accidents involving an underinsured motorist, underinsured motorist protection only applies where: | ||
(b) where the hit and run accident occurs in the Yukon, Northwest Territories or United States of America, there is actual physical contact between the insured or the vehicle occupied by the insured and the unidentified vehicle. | :(a) the hit and run accident occurs on a highway, and | ||
(''IVR'', s 148.1(4))</blockquote> | :(b) where the hit and run accident occurs in the Yukon, Northwest Territories or United States of America, there is actual physical contact between the insured or the vehicle occupied by the insured and the unidentified vehicle. | ||
:(''IVR'', s 148.1(4))</blockquote> | |||
It is important to note that, in relation to underinsured motorist protection, ''an insured is not permitted to settle an action without ICBC’s written consent'' (''IVR'', s 148.2(4)(b)). | It is important to note that, in relation to underinsured motorist protection, ''an insured is not permitted to settle an action without ICBC’s written consent'' (''IVR'', s 148.2(4)(b)). | ||