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Difference between revisions of "Introduction to ICBC Automobile Insurance for Accidents on or Before April 30 2021 (12:VIII)"
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Introduction to ICBC Automobile Insurance for Accidents on or Before April 30 2021 (12:VIII) (view source)
Revision as of 22:07, 6 October 2022
, 22:07, 6 October 2022→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''': The critical time to look at is the date on which the individual insurance policy or contract came into effect or was renewed. | :'''NOTE''': The 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). | ||
