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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 19:50, 23 August 2022
, 19:50, 23 August 2022→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> | <blockquote> 73 (1) An insured must <blockquote> | ||
(a) promptly give the corporation written notice, with all available particulars, of <blockquote> | |||
(i) any accident involving death, injury, damage or loss in which the insured or a vehicle owned or operated by the insured has been involved, | |||
(ii) any claim made in respect of the accident, and | |||
(iii) any other insurance held by the insured providing coverage for the accident, | |||
</blockquote> | |||
(b) on receipt of a claim, legal document or correspondence relating to a claim, immediately send the corporation a copy of the claim, document or correspondence, | |||
(c) cooperate with the corporation in the investigation, settlement or defence of a claim or action, | |||
(d) except at the insured's own cost, assume no liability and settle no claim, and | |||
(e) allow the corporation to inspect an insured vehicle or its equipment or both at any reasonable time. </blockquote> | |||
(2) The corporation is not liable to an insured who, to the prejudice of the corporation, fails to comply with this section. | |||
</blockquote> | |||
=== 8. Duties of the Corporation === | === 8. Duties of the Corporation === | ||
