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Difference between revisions of "ICBC and Compulsory Coverage (12:X)"
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ICBC and Compulsory Coverage (12:X) (view source)
Revision as of 22:26, 17 December 2021
, 22:26, 17 December 2021→7. Duties of the Insured
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Furthermore, ICBC is not liable to indemnify an insured who, to the prejudice of ICBC, fails to comply with duties outlined in s 73 of the ''IVR''. This section states that an insured: | Furthermore, ICBC is not liable to indemnify an insured who, to the prejudice of ICBC, fails to comply with duties outlined in s 73 of the ''IVR''. This section states that an insured: | ||
<blockquote> a) must promptly give ICBC written notice of any claim made for the accident, including any other insurance held by | <blockquote> a) must promptly give ICBC written notice of any claim made for the accident, including any other insurance held by them providing coverage for the accident; | ||
b) must help secure evidence and information and the attendance of any witnesses; | b) must help secure evidence and information and the attendance of any witnesses; | ||
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e) must, on receipt of a claim, legal document or correspondence relating to a claim, immediately send a copy to ICBC; | e) must, on receipt of a claim, legal document or correspondence relating to a claim, immediately send a copy to ICBC; | ||
f) must ''not'' voluntarily assume liability or settle any claim except at | f) must ''not'' voluntarily assume liability or settle any claim except at their own cost; and | ||
g) must ''not'' fail to cooperate with ICBC in the investigation, settlement or defence of a claim or action. </blockquote> | g) must ''not'' fail to cooperate with ICBC in the investigation, settlement or defence of a claim or action. </blockquote> | ||
