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Difference between revisions of "Introduction to ICBC Automobile Insurance (12:I)"
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Introduction to ICBC Automobile Insurance (12:I) (view source)
Revision as of 08:12, 12 August 2019
, 08:12, 12 August 2019→B. Application of the Current Legislation, and Transitional Provisions
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*'''Insured persons''', and '''insurers''', and '''ICBC''' in relation to these insurance plans or contracts. | *'''Insured persons''', and '''insurers''', and '''ICBC''' in relation to these insurance plans or contracts. | ||
'''NOTE''': TThe critical time to look at is the date on which the individual insurance policy or contract came into effect, or was renewed. | |||
Claims and parties to the claims in relation to an insurance policy that came into effect before June 1, 2007 will continue to be governed by the old IMVA and IMVAR. It is entirely possible for a single accident to trigger the operation of both the old and new Acts simultaneously, (albeit in relation to different aspects of the resultant legal issues). | Claims and parties to the claims in relation to an insurance policy that came into effect before June 1, 2007 will continue to be governed by the old IMVA and IMVAR. It is entirely possible for a single accident to trigger the operation of both the old and new Acts simultaneously, (albeit in relation to different aspects of the resultant legal issues). | ||
