Resolutions Search
Regional ICBC Rate Inequities
Status
Endorsed by the NCLGA Membership | Endorsed by the NCLGA Membership - Amended & Endorsed by the UBCM Membership
WHEREAS the Insurance Corporation of British Columbia (ICBC) and the Government of British Columbia have perpetuated inequitable regional basic insurance coverage value beginning in 2001 or earlier;
AND WHEREAS the Government of British Columbia, through Order in Council 458/2018, directed the BC Utilities Commission to approve an ICBC Basic Insurance Rate Design;
AND WHEREAS the 2018 Basic Insurance Rate Design acknowledges, but does not immediately correct, the inequity:
THEREFORE BE IT RESOLVED that UBCM request that a new ICBC Basic Insurance Rate Design be developed immediately that conclusively corrects the regional inequity;
AND BE IT FURTHER RESOLVED that UBCM request that ICBC and the Government of British Columbia explore opportunities for regional redress such as elimination of windshield deductibles, winter tire subsidies and regional variation in low-use discounts.
Actions
Letter dated December 28, 2022 from Mike Farnworth, Minister of Public Safety and Solicitor General, and Deputy Premier
Thank you for your emails of October 19 and 20, 2022, regarding North Central Local Government Association (NCLGA) Resolution RI. As the Minister responsible for the Insurance Corporation of BC (ICBC), 1 am pleased to respond and 1 apologize for the delay in doing so. It is important to note that the Province' s response to NCGLA Resolutions are coordinated through the Union of BC Municipalities (UBCM) and Ministry of Municipal Affairs resolution process. NCLGA Resolution RI , referred to by UCBM as Resolution EB65, was reviewed by the Province and an official response will be provided when the resolution process is complete. In the meantime, 1 can share that government' s mandate for ICBC is to ensure auto insurance rates are fair and affordable for all British Columbians. Territory is only one of the factors that helps to determine insurance premiums. Rate design is intended to make premiums fairer for all drivers by taking more customer specific risk factors into account and provides residents of rural regions with a reduction in the territory component over the course of 10 years. Over the past four years, ICBC has undertaken initiatives to make premiums more affordable for customers in all regions, including the cost savings under Enhanced Care and various refunds and rebates. Regarding NCLGA Resolution ER2, this matter falls under the purview of the Ministry of Attorney General. Thank you again for writing.