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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 01:39, 7 October 2022
, 01:39, 7 October 2022→5. What is Covered
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In addition to the legal liability coverage (i.e. s 65 indemnification) outlined above, ''IVR'' ss 67 and 69 states that ICBC may also pay for: | In addition to the legal liability coverage (i.e. s 65 indemnification) outlined above, ''IVR'' ss 67 and 69 states that ICBC may also pay for: | ||
:(a) reimburse an insured for reasonable payments for emergency medical aid necessary to a person injured as the result of an accident for which indemnity is payable under this Part, if reimbursement is not provided to the insured under another Part or by another insurer, | |||
:(b) pay costs incurred for fire extinguishers, jacks or other necessary emergency equipment or supplies provided to the insured, | |||
b) pay costs incurred for fire extinguishers, jacks or other necessary emergency equipment or supplies provided to the insured, | :(c) pay that proportion of the costs taxed against an insured in an action respecting a claim under this Part that | ||
::(1) the amount offered by the corporation as its total liability for indemnity to the insured under this Part in an offer to settle served in accordance with the Supreme Court Civil Rules bears to | |||
c) pay that proportion of the costs taxed against an insured in an action respecting a claim under this Part that | ::(2) The aggregate of all special and general damages awarded in respect of the occurrence for which the claim is made, | ||
:(d) pay | |||
d) pay | ::(1) prejudgment interest under the Court Order Interest Act or similar legislation of another jurisdiction, and | ||
( | ::(2) post-judgment interest under the Interest Act (Canada) or similar legislation of another jurisdiction | ||
on that part of the judgment that is within the applicable limit set out in section 1 of Schedule 3, and | on that part of the judgment that is within the applicable limit set out in section 1 of Schedule 3, and | ||
:(e) if indemnity is provided to the insured under this Part and by one or more optional insurance contracts provided by an insurer other than the corporation, contribute to the payment of expenses, costs and reimbursements for which provision is made under section 172 in accordance with that other insurer's and the corporation's respective liabilities for | |||
e) if indemnity is provided to the insured under this Part and by one or more optional insurance contracts provided by an insurer other than the corporation, contribute to the payment of expenses, costs and reimbursements for which provision is made under section 172 in accordance with that other insurer's and the corporation's respective liabilities for | ::(1) damages awarded against the insured, or | ||
::(2) the amount payable under a settlement made on behalf of the insured. | |||
( | |||
=== 6. What is Not Covered === | === 6. What is Not Covered === | ||