Difference between revisions of "ICBC and Compulsory Coverage (12:X)"

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:(1) In this section, "the territory in which the vehicle is primarily located when not in use" means the territory in which the place where the vehicle is kept when not being driven is located.

:(2) The insured named on an owner's certificate must,

::(a) within 10 days after

:::(ii) a vehicle in respect of which the premium is established on the basis of the territory in which a vehicle of that vehicle rate class is used or principally used, as the case may be, is used or principally used in a different territory than that set out in the certificate,

::report the change of address, vehicle, use or territory to a person referred to in section 3, and pay or be refunded the resulting difference in premium.

:(3) If the premium for a vehicle is established on the basis of the territory in which the vehicle is primarily located when not in use and that territory as set out in the owner's certificate is changed, the insured named on the certificate must, unless the vehicle is being used by the insured for vacation purposes, report the change to a person referred to in section 3 within 30 days of the change, and pay or be refunded the resulting difference in premium.

::(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.

:(2) The corporation is not liable to an insured who, to the prejudice of the corporation, fails to comply with this section.