British Columbia Order in Council — Order under Insurance (Motor Vehicle) Amending BC Reg (O.C. 902/2000)

O.C. 902/2000

British Columbia — Orders in Council

Presiding em er PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. 902 , Approved and Ordered JUN 1 5 2000 • Lieutenant Governor Executive Council Chambers, Victoria On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that the Revised Regulation

(1984) Under the Insurance (Motor Vehicle) Act, B.C. Reg. 447/83, is amended as set out in the attached Schedule. 1ILil Minist r of Labour (This

part is for administrative purposes only and is not part of the Order.) Authority under which Order is made: Act and section:- Other (specify):- Insurance (Motor Vehicle) Act, s. 45 OIC 1897/83 June 6, 2000 /0 12000/33

SCHEDULE

Section 39 (1) (

b) of the Revised Regulation

(1984) Under The Insurance (Motor Vehicle) Act, B.C. Reg. 447/83, is amended by adding "021, 022, 023, 024, 027," after "017,". 2

Section 146.2 (a) (ii) is amended by adding "021, 022, 023, 024, 027," after "007,". 3

Section 155 (1) is amended in paragraph (

b) of the definition of "fleet" by adding "021, 022, 023, 024, 027" after "005 ". 4 Table 1 of

Schedule 1 is amended by adding the items set out in Appendix A. 5

Section 2 of Table 2 of

Schedule 1 is amended (

a) in subsection (2) (

a) by adding ", 021, 023, 024," after "004", (

b) in subsection (2.1) by adding "or 022" after "002", (

c) in subsection (2.2) by adding "or 027" after "007", (

d) in subsection (3) by adding "021," after "014,", (

e) in subsection (7) (

b) by adding "021, 022, 023, 024, 027," after "007,", and (

I) by adding the following subsection:

(9) If a provision of this

section permits operation of a vehicle for a particular use without breaching a condition of

section 55 (2) (a), the condition that is not breached by that use is the condition that would, but for the provision, be breached by that use, and nothing in that provision permits any other use that might breach

section 55 (2) (a). 6 The Vehicle Use Tables of Table 2 of

Schedule 1 are amended by adding the tables set out in Appendix B. 7 Item I of column 1 of

section 3 of Table 3.1 of

Schedule 1 is amended by adding "021, 022, 023, 024, 027," after "018,". 8

Schedule 6 is amended by repealing forms APV286, APV286A, APV297 and APV297A and substituting the attached forms APV286, APV286A, APV297 and APV297A respectively. 1 of 1

2 0 0 0 BASIC PREMIUMS RATING TERRITORIES RATE'CUASS D/Z E F C H L N P R S V V X MM=MISSMS as === =as === asa SMAM MUM UM= Wii aaa Kan iaa a=ft GSM 021 1,105 999 1,007 868 938 781 749 838 800 832 817 794 859 912 022 1,220 1,102 1,110 956 1,034 860 824 923 881 916 899 875 946 1,005 023 1,105 999 1,007 868 938 781 749 838 800 832 817 794 859 912 024 1,105 999 1,007 868 938 781 749 838 800 832 817 794 859 912 027 1,220 1,102 1,110 956 1,034 860 824 923 881 916 899 875 946 1,005

Rate Rate Page Class Number Vehicle Use =Mk Pleasure use: • vehicle not usually driven for other purposes • vehicle used only by persons who have held a valid driver's licence for 10 years or longer (see note on page 4 of this module), and • applicable only to a policy eligible for a Claim-Rated Scale discount of 0% (base rate) or better (step 100 or lower on Table 4 of

Schedule 1 of the Insurance (Motor Vehicle) Act Regulations) 021 15b VEHICLE USE APPENDIX B 8.2 Table 1(a): Pleasure use—vehicle used only by persons who have held a valid driver's licence for 10 years or longer 1. A vehicle rated 021 may be used on a total of not more than six (6) days in a calendar month for use under rate class 022, 023, 024, 027, or 013, provided that the vehicle is used only by persons who have held a valid driver's licence for 10 years or longer (see note on page 4 of this module). 2.

Parents may, without restriction to the number of days specified in provision 1 above, drive their child of school age and any other children at the same time to or from, or part way to or from, the school in which their children are registered. The following people are also considered to be parents for the purpose of this extension:

a) any person employed by the parents of the children being driven, to perform household duties which include the care of those children

b) the grandparents, foster parents, and stepparents of the children being driven

c) any person living in the household of the child 3. Provision 2 above does not apply when any driver of the same vehicle is enrolled in school and uses that vehicle to drive to or from, or part way to or from, school. It also does not apply when any driver of the same vehicle uses that vehicle to drive to or from, or part way to or from, work. 4. A vehicle is not considered as being driven to or from, or part way to or from, school unless the person using that vehicle is enrolled in:

a) a course that is part of a certificate, diploma, or degree program offered on a full-time basis by a school, college, university, or any other educational establishment

b) a course for which credit may be allowed for the completion, on a part-time basis, of a certificate, diploma, or degree program offered by a school, college, university, or any other educational establishment, or

c) a course that is directly related to or beneficial for the advancement of a student's current or intended career Iiino 7nill)

8.2 VEHICLE USE Note: The 10-year period for which a valid driver's licence must be held: • includes all periods during which a valid driver's licence was held in another jurisdiction • includes all periods during which a Class 7 (Intermediate stage—passenger vehicles) or Class 8 (Intermediate stage—motorcycles) driver's licence under the B.C.

Graduated Licensing Program was held • excludes all periods during which the driver's 'Licence was cancelled or suspended "Business use" means use of a vehicle in the business or profession of the insured and includes use of a vehicle by an employee who is paid by his employer for that use, but does not include commercial use of the vehicle. "Child of school age" means a person under the age of 19 or a person age 19 or over who is handicapped. "Commercial use" means use of a vehicle for the delivery or carriage of goods.

"Pleasure use" means use of a vehicle for private purposes but does not include business or commercial use.

Rate Class Rate Page Number Vehicle Use Pleasure use and vehicle driven to or from, or part way to or from, work or school, a distance In excess of 15 km: • vehicle used only by persons who have held a valid driver's licence for 10 years or longer (see note below), and • applicable only to a policy eligible for a Claim-Rated Scale discount of 0% (base rate) or better (step 100 or lower on Table 4 of

Schedule 1 of the Insurance (Motor Vehicle) Act Regulations) 022 15c 8.3 VEHICLE USE Table 1(a): Pleasure use—vehicle driven to or from work or school in excess of 15 km and vehicle used only by persons who have held a valid driver's licence for 10 years or longer A vehicle rated 022 may be used on a total of not more than six (6) days in a calendar month for use under rate class 027 or 013, provided that the vehicle is used only by persons who have held a valid driver's licence for 10 years or longer (see note below). 2. A vehicle is not considered as being driven to or from, or part way to or from, school unless the person using that vehicle is enrolled in:

a) a course that is part of a certificate, diploma, or degree program offered on a full-time basis by a school, college, university, or any other educational establishment

b) a course for which credit may be allowed for the completion, on a part-time basis, of a certificate, diploma, or degree program offered by a school, college, university, or any other educational establishment, or

c) a course that is directly related to or beneficial for the advancement of a student's current or intended career Note: The 10-year period for which a valid driver's licence must be held: • includes all periods during which a valid driver's licence was held in another jurisdiction • includes all periods during which a Class 7 (Intermediate stage —passenger vehicles) or Class 8 (Intermediate stage—motorcycles) driver's licence under the B.C.

Graduated Licensing Program was held • excludes all periods during which the driver's licence was cancelled or suspended "Business use" means use of a vehicle in the business or profession of the insured and includes use of a vehicle by an employee who is paid by his employer for that use, but does not include commercial use of the vehicle. "Commercial use" means use of a vehicle for the delivery or carriage of goods. "Pleasure use" means use of a vehicle for private purposes but does not include business or commercial use.

Rate Page Number Vehicle Use Rate Class Pleasure use and vehicle driven to or from, or part way to or from, work or school, a one-way distance not exceeding 15 km: • vehicle used only by persons who have held a valid driver's licence for 10 years or longer (see note below), and • applicable only to a policy eligible for a Claim-Rated Scale discount of 0% (base rate) or better (step 100 or lower on Table 4 of

Schedule 1 of the Insurance (Motor Vehicle) Act Regulations) 023 15d 8.3 VEHICLE USE Table 2(a): Pleasure use—vehicle driven to or from work or school not exceeding 15 km and vehicle used only by persons who have held a valid driver's licence for 10 years or longer A vehicle rated 023 may be used on a total of not more than six (6) days in a calendar month for use under rate class 022, 024, 027, or 013, provided that the vehicle is used only by persons who have held a valid driver's licence for 10 years or longer (see note below). 2. A vehicle is not considered as being driven to or from, or part way to or from, school unless the person using that vehicle is enrolled in:

a) a course that is part of a certificate, diploma, or degree program offered on a full-time basis by a school, college, university, or any other educational establishment

b) a course for which credit may be allowed for the completion, on a part-time basis, of a certificate, diploma or degree program offered by a school, college, university or any other educational establishment, or

c) a course that is directly related to or beneficial for the advancement of a student's current or intended career Note: The 10-year period for which a valid driver's licence must be held: • includes all periods during which a valid driver's licence was held in another jurisdiction • includes all periods during which a Class 7 (Intermediate stage—passenger vehicles) or Class 8 (Intermediate stage—motorcycles) driver's licence under the B.C.

Graduated Licensing Program was held • excludes all periods during which the driver's licence was cancelled or suspended "Business use" means use of a vehicle in the business or profession of the insured and includes use of a vehicle by an employee who is paid by his employer for that use, but does not include commercial use of the vehicle. "Commercial use" means use of a vehicle for the delivery or carriage of goods. "Pleasure use" means use of a vehicle for private purposes but does not include business or commercial use.

Rate Page Number Vehicle Use Rate Class Pleasure use and vehicle driven part way to or from work or school, with public transportation used for the balance of the journey: • vehicle used only by persons who have held a valid driver's licence for 10 years or longer (see note below), and • applicable only to a policy eligible for a Claim-Rated Scale discount of 0% (base rate) or better (step 100 or lower on Table 4 of

Schedule 1 of the Insurance (Motor Vehicle) Act Regulations) 024 15e 8.3 VEHICLE USE Table 3(a): Pleasure use—vehicle driven part way to or from work or school and vehicle used only by persons who have held a valid driver's licence for 10 years or longer 1. A vehicle rated 024 may be used on a total of not more than six (6) days in a calendar month for use under rate class 022, 023, 027 or 013, provided that the vehicle is used only by persons who have held a valid driver's licence for 10 years or longer (see note below). 2. A vehicle is not considered as being driven to or from, or part way to or from, school unless the person using that vehicle is enrolled in:

a) a course that is part of a certificate, diploma, or degree program offered on a full-time basis by a school, college, university, or any other educational establishment

b) a course for which credit may be allowed for the completion, on a part-time basis, of a certificate, diploma, or degree program offered by a school, college, university, or any other educational establishment, or

c) a course that is directly related to or beneficial for the advancement of a student's current or intended career Note: The 10-year period for which a valid driver's licence must be held: includes all periods during which a valid driver's licence was held in another jurisdiction includes all periods during which a Class 7 (Intermediate stage—passenger vehicles) or Class 8 (Intermediate stage—motorcycles) driver's licence under the B.C.

Graduated Licensing Program was held excludes all periods during which the driver's licence was cancelled or suspended "Business use" means use of a vehicle in the business or profession of the insured and includes use of a vehicle by an employee who is paid by his employer for that use, but does not include commercial use of the vehicle. "Commercial use" means use of a vehicle for the delivery or carriage of goods. "Pleasure use" means use of a vehicle for private purposes but does not include business or commercial use.

8.4 VEHICLE USE Table 2: Business use (Including pleasure use) and vehicle used only by persons who have held a valid driver's licence for 10 years or longer Vehicle Use Rate Class Rate Page Number Business use, pilot car, or funeral home limousine: • vehicle used only by persons who have held a valid driver's licence for 10 years or longer (see note below), and 027 15f • applicable only to a policy eligible for a Claim-Rated Scale discount of 0% (base rate) or better (step 100 or lower on Table 4 of

Schedule 1 of the Insurance (Motor Vehicle) Act Regulations) Vehicle may be used on not more than six (6) days in a calendar month for use under rate claSs 013, provided that the vehicle is used only by persons who have held a valid driver's licence for 10 years or longer (see the first note below).

Note: The 10-year period for which a valid driver's licence must be held: • includes all periods during which a valid driver's licence was held in another jurisdiction • includes all periods during which a Class 7 (Intermediate stage—passenger vehicles) or Class 8 (Intermediate stage—motorcycles) driver's licence under the B.C.

Graduated Licensing Program was held • excludes all periods during which a driver's licence was cancelled or suspended "Business use" means use of a vehicle in the business or profession of the insured and includes use of a vehicle by an employee who is paid by his employer for that use, but does not include commercial use of the vehicle. "Commercial use" means use of a vehicle for the delivery or carriage of goods. "Funeral home limousine" means a private passenger motor vehicle (vehicle type 1) owned by or leased to a funeral home for the conveyance of members of a funeral party.

"Pilot car" means a motor vehicle used to escort an oversize vehicle or combination of vehicles. "Pleasure use" means use of a vehicle for private purposes but does not include business or commercial use. Note: Rate class 027 does not include use of the vehicle as a: • courtesy car • driving school vehicle

LDAY EFFECTIVE DATE MONTH YEAR EXPIRY DATE DAY MONTH YEAR UN! NO APV286 TO COINCIDE win-4 EXPIRY DATE OF TOP OR APVF5 NUMBER NAME OF INSURED (SURNAME FOLLOWED BY GIVEN NAME(S)) , ! I I ADDRESS OF INSURED CITY PROVINCE POSTAL CODE 1 FLEET NUMBER • TOP OR APV 45 NUMBER L AUTHORIZATION NUMBER POLICY NUMBER BC DRIVERS LICENCE NUMBER ICBC/AGENT'S COMMENTS NUMBER OF INSUREDS THIS POLICY IS VOID IF ISSUED FOR A MOTOR VEHICLE WHICH IS NOT IN MODEL YEAR 1 2 or 3 RATE CLASS TERP] PREMIUM WA AL YEAR MUMBER Cash Cheque $ DebitCredt TIME OF VALIDATION AM P M NOT VALID UNLESS STAMPED BY AUTHORIZED ISSUING OFFICE DO NOT WRITE/ STAPLE -- - IN THIS AREA REPLACEMENT COST POLICY PRESCRIBED PURSUANT TO

SECTION 153 OF THE REVISED REGULATION

(1984) UNDER THE INSURANCE ( MOTOR VEHICLE) ACT (HEREINAFTER CALLED THE REGULATION) 4 r Insurance Corporation of British Columbia (Hereinafter called The Corporation) THE OWNER (HEREINAFTER CALL ED THE INSURED) HEREBY APPLIES TO THE CORPORATION FOR A REPLACEMENT COST POLICY.

AND THIS APPLICATION SHALL FORM PART OF THE POLICY OF INSURANCE HEREIN APPLIED FOR WHICH SHALL BE AS FOLLOWS IN CONSIDERATION OF THE PREMIUM PAID TO THE CORPORATION BY THE INSURED FOR THIS POL CY, THE CORPORATION AGREES TO INDEMNIFY THE INSURED FOR DIRECT AND ACCIDENTAL LOSS OR DAMAGE CAUSED TO THE DESCRIBED MOTOR VEHICLE BY ONE OF THE PERILS FOR WHICH THE INSURED HAS PAID A PREMIUM UNDER THE INSURED'S UNDERLYING INSURANCE, OCCURRING DURING THE TERM OF THIS POLICY IN ACCORDANCE WITH THE SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND EXCLUSIONS OF THIS POLICY AND SUCH OF THE PROVISIONS OF DIVISION 2 OF

PART 90F THE REGULATION AS ARE NOT IN CONFLICT WITH THE SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND EXCLUSIONS OF THIS POLICY, WHERE (

a) THERE IS UNDERLYING INSURANCE, AND (

b) THE DOLLAR AMOUNT OF THE LOSS OR DAMAGE TO THE DESCRIBED MOTOR VEHICLE EXCEEDS THE APPLICABLE DEDUCTIBLE AMOUNT PROVIDED BY THE UNDERLYING INSURANCE. MOTOR VEHICLE DESCRIPTION (HEREINAFTER CALLED THE DESCRIBED MOTOR VEHICLE) MODEL yn MAKE MODEL BODY STYLE VEHICLE IDENTIFICATION (SERIAL) NUMBER REGISTRATION NUMBER WARNING 1 A cedilicate is invalid if issued fora vehicle !hal is not required to be licenced under the Motor VeThCle Act (Insurance (Motor vehicle) Act).

Sec 37) 2 A certificate is deemed invalid as soon as the vehicle is registered and licenced in another province or state (Insurance (Motor Vehicle) Act).

Sec 37) 3 Use 01 the vehicle by persons or for purposes not permitted by the Insurance (Motor Vehicle) Act and Regulation Or by the rate class shown on the cern' 'cafe may invalidate the certificate (Regulation) NOTE (tern 1 01 this warning does not apply where this policy is Issued for a motor vehicle insured on an Autoplan Unlicensed Vehicle Policy (APV•15) NOT EXCEEDING 5000 Kg GVW 6 AND MUST BE RATE CLASS 001, 002, 003, 004, 005, 007 011, 012, 014, 021, 022, 023, 024, or 027. OR RATE CLASS 051, 055 200, 202, 203, 206. 850, 853 or 856.

COLLISION PATE GROUP COMPREHENSIVE SPECIFIED PERILS RATE GROUP TOTAL ANNUAL NET PREMIUM PRORATED PREM $ --- THE CORRECT PREMIUM MUST 8E ENTERED FOR BOTH RATE GROUPS. THIS POLICY OF INSURANCE SHALL BE SUBJECT TO THE SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND EXCLUSIONS CONTAINED ON THE BACK OF THIS POLICY, WHICH SHALL ALSO FORM PART OF THIS POLICY AND SHALL BE BINDING UPON THE INSURED . By SIGNING THIS APPLICATION, THE INSURED ACKNOWLEDGES ALL THE TERMS AND CONDITIONS CONTAINED ON BOTH THE FRONT AND BACK SIDES HEREOF AND DECLARESTHAT THE FOREGOING PARTICULARSARE TRUE, AND WHERE (

A) THE INSURED INTHIS APPLICATION GIVES FALSE PARTICULARS TO THE PREJUDICE OF THE CORPORATION OR KNOWINGLY MISREPRESENTS OR FAILS TO DISCLOSE IN THIS APPLICATION ANY FACT REQUIRED TO BE STATED HEREIN. OR (

B) THE INSURED CONTRAVENES A TERM OR CONDITION OF THE POLICY OF INSURANCE HEREBY APPLIED FOR OR THE REGULATION OR COMMITS A FRAUD. OR (

C) THE INSURED WILLFULLY MAKES A FALSE STATEMENT IN RESPECT OF A CLAIM UNDER THE POLICY OF INSURANCE HEREBY APPLIED FOR OR THE REGULATION, ANY CLAIM BY THE INSURED UNDER THE SAID POLICY IS INVALID AND THE RIGHT OF THE INSURED TO RECOVER INDEMNITY THEREUNDER IS FORFEITED (AND IN ADDITION OR AS AN ALTERNATIVE, WHERE APPROPRIATE AND APPLICABLE, THE CORPORATION MAY CANCEL THE SAID POLICY PURSUANT TO

SECTION 58 OF THE REGULATION). SIGNATURE OF INSURED SIGNATURE OF AGENT AP v286

(062000) or (ttilas an alternative to 1(a)(

i) above and provided that a replacement motor vehicle as described rn 1(a)(

i) is available as required under the conditions of 1(5)(1). by replacing the described motor vehicle at the CorPoratiOn's cost with any other motor vehicle of the insured's choce where such replacement motor vehicle is deliverable to the insured by a dealer within 30 days of the determination of a total loss or constructive total loss, end provided that the cost of such replacement motor vehicle does not exceed the cost of the replacement motor vehicle as determined under t lath), or (,v)where a replacement motor vehicle is available under condition t (51(

i) and the insured elects not to replace the described motor vehicle in accordance with condition 1(a )1 dor Condition 1(a)(iii), by paying the insured the settlement amount calculated under condition Provided that such amount does not exceed the cost of the replacement motor vehicle as determined under condition I (a)(1). or lb) where the described motor vehicle is a used motor vehicle (

i) by replacing the described motor vehicle at the Corporation's COSt with the most current model of a new motor vehicle of the same make and model and with equipment and options attached thereto similar to those that were on the described motor vehicle at the date of the accident, where such replacement vehicle is deliverable to the insured by a dealer within 30 days of the determination of a total loss or constructive total loss. or (ii) d a replacement motor vehicle as described in condition t (b)(

i) is not deliverable by a dealer within 30 days of the determination of a total loss Or constructive total loss by paying the insured either A where the manufacturer still produces the same make and model of vehicle as the described motor vehicle, the cost of the replacement vehicle as determined under 1(b)(1) above. or B where the manufacturer no longer produces the same make and model of vehicle as the described motor vehicle, the manufacturer's Suggested retail price for the described motor vehicle at the time it was manufactured. together with any equipment and options attached thereto similar to those that were on the described motor vehicle at the date of the accident, plus an additional percentage amount of the manufacturer's suggested retail price, including equipment and options. such percentage to be determined from the following table. by the model year of the descri:. •d motor vehicle: Modal Year Number Percentage to be Added Model year 1 2 Model year 2 5 0% Model year 3 7 5% Or bid as an alternative to 18)1(1) above. and provided that a replacement vehicle as described in 1(b)(

i) is available as required under the conchlronS Of 1(b)(

i) by replacing tne described motor vehicle at the Corporation's cost with any other vehicle of the insured's choice where such replacement motor vehicle .s deliverable to the insured by a dealer within 30 days of the determination of a total loss o constructive total loss, and provided that the cost of such vehicle does not exceed the cost of the replacement motor vehicle as determined under IM(

r) but the cost of repair of any prior unrepaired damage to the described motor vehicle will be deducted from the Settlement of the total loss or constructive total loss 2 The Corporation may extend the time frame contained in condition 1(a)(

i) or I(b)I1) for delivery of a replacement vehicle if such replacement vehicle Cannot be delivered to the insured by a dealer within 30 days but it can be delivered within 90 days after the date of the determination of a total loss or constructive total IOSS and the insured is willing to wait up to 90 days for the replacement vehicle to be delivered If such repiacement vehicle is not subsequently delivered within 90 days. then indemnity shall only be afforded in accordance with, for a new vehide, condition 1(a)(4) and. lOr a used vehicle, condition (b)(ii) 3 In the case of a new motor vehicle only, where a replacement vehicle is delivered within 90 days in accordance with condition 2.

Out the insured. alter having agreed to wait the 90 days, subsequently elects not to accept the replacement motor vehicle, the settlement basis Outlined in condition I (MOO applies 4 it during the term of this policy. an accident causes direct loss or damage to the described motor vehicle t Nit does not render the described motor vehicle a total loss or a constructive total loss. the Corporation will. subied to condition 5 below. indemnify the insured by paying for the cost of repair of the described motor vehicle. using new Orynal Equipment Manufacturer parts for such repair. and without requiring the insured to contribute any amount by way of depreciation or betterment to the cost of such worn or used parts as are 'solaced. if such replacement parts would result in the insured being required to contribute towards a depreciation or improvement allowance .1 this policy was not applicable II new Original Equipment Manufacturer parts are not available, the Corporation will indemnify the insured by paying for the cost of repair of the described motor vehicle, using new parts &like kinder, quality to those used or recommended by the manufacturer of the described motor vehicle 5 The agreements contained under cOnationS 1. 2. 3 and 4 of this policy will not apply to fire. theft. vandalism or malicious mischief losses occurrrng toe deserted motor vehicle which was in model year 1 on the inception data of this potiCy 6 This policy may only be issued (a 1 for a motor vehicle which is in model year I. 2 Or 3, (

b) for a motor vehicle which is licenced and insured under a Temporary Coca' on Permit and Owner's Certificate of Insurance (APV16) or insured under an Autoplan Unlicenced Vehicle Policy (APV45) on the date that this policy is issued, IC) tOr a motor vehicle which is registered in the province of British Columbia, ano Id) if, on the date of issuance, the insured's Claim Ra ed Scale entitlement has been step 60 for more than five consecutive years without a chargeable claim or if the insured has a Fleetplan discount of 40% Or greater 7 This policy is - ad (

a) if the insured is not a resident of British Columbia. (

b) it issued for a motor vehicle which is not in model year 1, 2 or 3. (

c) upon indemnity being afforded under condition t. 2 or 3 above. Id) if issued for a motor vehicle which is not licenced and insured under a Temporary Operation Permit and Owner s Certificate of Insurance (APV16) Or insured under an Autoplan Unlicenced Vehicle Policy(APV45) in accordance with condition 6(

b) above. ,PV286

(062000) If an accident fenders the described motor vehicle a total lose or constructive 1081'055 during the term of this policy, the Corporation will, subject to condition 5 below, indemnify the insured for direct and accidental loss or damage caused to the described motor vehicle (

a) where the described motor vehicle is a new motor vehicle (1) by replacing the described motor vehicle at the Corporation's cost with the most current model of a new motor :chicle of the same make and model and with equipment and options attached thereto similar to those listed on the bill of sale where such replacement motor vehicle is deliverable to the insured by a dealer within 30 days of the determination of a total loss or constructive total loss, or Iii) il a replacement motor vehicle as described in condition 1(a)lil ra not deliverable by a dealer within 30 days of the determination 01 a total loss or constructive total loss. by paying the insured the !Mer of the following.

A the verified original net purchase price actually paid by the insured for de described motor vehicle as evidenced by the bill of sale, or B the manufacturers suggested retail price at the date of purchase of the described motor vehicle together with any dealer options attached that may be listed on the bill of Sale: plus an additional percentage amount of A or 8 whichever of these is paid. such percentage to be determined from the following table, by the model year number of the described motor vehicle.

Model Year Number Percentage to be Added Model year 1 2.5% Model year 2 5 0% Model year 3 7 5% SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND EXCLUSIONS (

e) if issued for a motor vehicle which is not registered in IM province of British Columbia. or (1) if the insured did not meet the applicable qualification under condition 6(

d) above at the time policy was issued. 8 No indemnity is afforded by this policy (

a) where the described motor vehicle (

i) is a commercial motor vehicle having a licenced gross vehicle weight in excess of 5000 kg: (ii) is not insured by the underlying insurance under rate class 001. 002,003. 004. 005. 007. 011.1 014, 021. 022. 023. 024, 027. 051, 055. 200, 202, 203, 206. 850. 853 or 856 at the time of lots (

b) for a claim or demand (

i) for loss or damage arising out of repair of prior unrepaired loss or damage to the descnbed m vehicle at the same place or an adjacent place to any place on the described motor vehicle has suffered repairable Ion or damage for which a claim may be made under this policy, (ii) for loss or damage arising out of a claim for accelerated depreciation caused by or resulting f the repair of any loss or damage to the described motor vehicle. (iii)for any claim for loss of use of the descnbed motor vehicle. (iv)for loss relating to any third party or manufacturer warranties or other vehicle warranty insurer (

v) under condition 1(a), unless the insured produces the bill of sale, or (

C) where the insured does not comply with

Section 119 (2) of the Regulation by accurately deda the value of the insured vehicle. and where, as a result of this,

Section 119 (3) of the Regula applies. 9

Definitions In this policy, the following words or phraSes have the following meanings: 'acodenrmeanS an unforeseen occurrence or series of connected unforeseen occurrences caul direct toss or damage to the described motor vehicle: of sale- means the Original or a facsimile of the original document by which ownership of the descri motor vehicle was transferred to the insured by the manufacturer of the described motor vehicle or manufacturer's agent or dealer and, in the case of equipment added to the vehicle subsequent to vehicle being purchased or leased by the insured, means the original or a facsimile of the ong document issued to the insured at the date of purchase of such additional equipment: constructive total loss' means that condition of the described motor vehicle that exists when it might feasible to repair the described motor vehicle but the cost of repairs to the described motor veh exceeds the net actual cash value of the described motor vehicle as the condition of that vehicle immediately prior to the occurrence of the loss or damage tor which indemnity is afforded by thiS poi "described motor veniclemeans the vehicle shown on the front of this policy together will s permanently attached equipment and unattached equipment as was in or on the vehicle at the dab the accident provided that such equipment is automatically afforded coverage under Regula

Section 122 or is covered under a valid and subsisting Excess Special Equipment Endoesern (APV300) or Special Sound and Communication Equipment Enda sement (APV330): 'insured' means the named insured owner of the described motor vehicle and includes, (

a) where the owner is the lessor of the described motor vehicle, the lessee of the described and vehicle to the extent of the lessees insurable interest therein if the lease contains an option for lessee to purchase the described motor vehicle. regardless of when the option was exercised by lessee, and (

b) the holder of each lien registered against the described motor vehide at the time the described me vehicle was rendered a total loss or constructive total loss under circumstances for which indent: is afforded by this policy; 'model year r means the model year number which applies to a described motor vehicle where calendar year in which this policy is issued tS equal to or prior to the model year assigned to described motor vehicle by its manufacturer: 'model year 2" means the model year number which applies to a described motor vehicle where calendar year in which this policy is issued is the first calendar year subsequent to the model y assigned to the descnbed motor vehicle by its manufacturer: 'model year Ymeans the model year number which applies to a described motor vehicle where calendar year in which this policy is Issued is the second calendar year subsequent to the model y assigned to the described motor vehicle by its manufacturer; 'net actual cash valuerratheamounl determined by subtracting the value Or estimated value received ft the sale of the salvage of the wrecked described motor vehicle from the actual cash value of described motor vehicle. 'net purchase once' means the following, excluding the price of any third party or manufacturer warrant Or other vehicle warranty insurance, but including. (

a) the total vehicle price including alt manufacturer and dealer installed options (prior to the deduct of any trade-in allowance or factory, manufacturer's and/or dealers discounts), Plus Velma taxes, levies and documentation lees as shown on the bill of salt or (

b) in the case of a WSW described motor vehicle (

i) the amount staled on the lease agreement as the price on which the leaSe is based. plus i amount stated on the same lease agreement as being the value of any optional equipm installed on the described motor vehicle by the dealer. plus any amount stated on the bill of s for other equipment added to the vehicle after the vehicle was leased by the insured. or (

i) where the amounts described in (

a) above are not stated on the lease agreement, the wholes price of the described motor vehicle (as evidenced by the factory invoice originating from I manufacturer of ins described motor vehicle), plus the cost price of any dealer installed optic (as evidenced by the dealer's invoice), plus an additional 50% of the difference between I wholesale pnce stated on the factory invoice together with the cost price of any dealer install options. and the Manufacturer's Suggested Retail Price of the described motor vehicle inched any dealer installed oralOnS. but where the insured does not provide the Corporation with a cc of the factory invoice or the dealer invoice, the above additional percentage shall not be apple, 'new motor vehicle' means a described motor vehrde which has not been previously registered except the named insured for the general purpose of operation on a highway and where ownership of I vehicle is evidenced by a bill of sale: *pottcy*means the extended indemnity afforded by this contract of extension insurance but does I include any indemnity afforded by any underlying insurance: "replacement cost means only such restricted indemnity as is afforded by the words of this policy: total loss" means that condition of the described motor vehicle that exists when the described ma venicle is stolen and not recovered or is so severely or extensively damaged that it is not feasible repair the described motor vehide: *underlying insurance* means insurance afforded to the owner of the described motor vehicle either (

a) an Autoplan Unlicenced Vehicle Policy lAPV451, if the vehicle is not currently licenced: or (

b) a Temporary Operation Permit and Owner's Certificate of Insurance (APV le), if the vehicle currently licenced, together with any applicable APV300 (Excess Special Equipment Endorseme and/or APV330 (Specie' Sound and Communication Equipment Endorsement) that in each cast issued to the same insured as the insured named in this polity and where the Unlicenced Vern Policy/Temporary Operation Permit and Owner's Certificate of Insurance (APV113) and APV3 and/or APV330. at the time of the loss or damage provides Own Damage coverage for which I insured has paid a premium under Division 2 of

Part 9 the Regulation, of the type for which I insured is entitled tO make a claim in respect of loss or damage to the described motor vehicle a while this Replacement Cost Policy is in force: "used motor vehicle' means a described motor vehicle which has been previously registered to a per s other than the named insured for the general purpose of operation on a highway Except as otherwise provided in this policy. all limits. terms, conditions, provisions, del in bons and exclusions of the Regulation, shall apply with full force and elf ed to this policy

In witness whereof, the Corporation has caused this policy to be signed by its President and Chief Executive Officer but the policy shall not be binding until validated and signed on the front side by an agent or other authorized representative of the Corporation Thom Thompson ..eSiOUrr vie Cite exECUTrvv OrrnCte rnSlortorCe COnPOPAripM Or Mir iSm COLuMei

REPLACEMENT COST ENDORSEMENT PRESCRIBED PURSUANT TO

SECTION 153 CF THE REVISED REGULATION

(1984) UNDER THE INSURANCE (MOTOR VEHICLE) ACT (HEREINAFTER GALLED THE REGULATICN) In consideration of the premium paid to the Corporation by the insured for this endorsement, as shown on the Owners Certificate to wnicn this endorsement is attached, the Corporation agrees to indemnify the insured for direct and accidental loss or damage caused to the described motor vehicle by one of the perils for which the insured has paid a premium under the insured's underlying insurance, occurring during the term of the Owner's Certificate, in accordance with the following special terms, conditions,

definitions and exclusions of this endorsement and such of the provisions of Division 2 of

Part 9 of the Regulation as are not in conflict with the special terms, conditions,

definitions, and exclusions of this endorsement, and only where there is underlying insurance, and the dollar amount of the loss or damage to the described motor vehicle exceeds the deductible amount applicable to the underlying insurance. SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND EXCLUSIONS Insurance Corporation of British Columbia (Hereinafter called The Corporat on) 1. If an accident renders the described motor vehicle a total loss or constructive total loss dunng the period when this endorsement is in effect, the Corpora- tion will, subject to condition 5 below, indemnify the insured for direct and accidental loss or damage caused 'c the described motor vehicle (

a) where the described motor vehicle is a new motor vehicle (

i) by replacing the described motor vehicle at the Corporation's cost with the most current model of a new motor vehicle of the same make and model and with equipment and options attached thereto similar to those listed on the bill of sale where such replacement motor vehicle is deliverable to the insured by a dealer within 30 days of the determination of a total loss or constructive total loss, or (ii) if a replacement motor vehicle as described in condition 1(a)(

i) is not deliverable by a dealer within 30 days of the determination of a total loss or constructive total loss, by paying the insured the lesser of the following: A. the verified original net purchase price actually paid by the insured for the described motor vehicle as evidenced by the bill of sale, or B. the manufacturer's suggested retail price at the date of purchase of the described motor vehicle together with any dealer options attached that may be listed on the bill of sale; plus an additional percentage amount of A. or B., whichever of these is paid, such percentage to be determined from the following table, by the model year number of the described motor vehicle: Mace' Year Number Percentage to be Added Model year 1 2.5% Model year 2 5 0% Model year 3 7.5% or (iii) as an alternative to 1(a)(

i) above and provided that a replacement motor vehicle as described in 1 (a)(

i) is available as required under the conditions of 1(a)(i), by replacing the described motor vehicle at the Corporation's cost with any other motor vehicle of the insured's choice where such replacement motor vehicle is deliverable to the insured by a dealer within 30 days of the determination of a total loss or constructive total loss, and provided that the cost of such replacement motor vehicle does not exceed the cost of the replacement motor vehicle as determined under 1 (a)(i), or (iv)where a replacement motor vehicle is available under condition 1 (a)(

i) and the insured elects not to replace the described motor vehicle in accordance %eith condition 1(a)(

i) or condition 1 (a)(iii), by paying the insured the settlement amount calculated under condition 1 (a)(ii), provided that such amount does not exceed the cost of the replace- ment motor vehicle as determined under condition 1(a)(i), or (

b) where the described motor vehicle is a used motor vehicle (

i) by replacing the described motor vehicle at the Corporation's cost with the most current model of a new motor vehicle of the same make and model arid with equipment and options attached thereto similar to those that were on the described motor vehicle at the date of the accident, where such replacement vehicle is deliverable to the in- sured by a dealer within 30 days of the determination of a total loss or constructive total loss, or (ii) if a replacement motor vehicle as described in condition 1(b)(

i) is not deliverable by a dealer within 30 days of the determination of a total loss or constructive total loss, by paying the insured either A. where the manufacturer still produces the same make and model of vehicle as the descnbed motor vehicle, the cost of the replace- ment vehicle as determined under 1 (b)(

i) above, or B. where the manufacturer no longer produces the same make and model of vehicle as the described motor vehicle, the manufactur- er's suggested retail price for the described motor vehicle at the time it was manufactured, together with any equipment and op- tions attached thereto similar to those that were on the descnbed motor vehicle at the date of the accident, plus an additional percentage amount of the manufacturer's suggested retail price, ncluding equipment and options, such percentage to be deter- mined from the following table, by the model year of the described motor vehicle: Model Year Number Percentage to be Added Model year 1 2.5% Model year 2 Model year 3 75..50Z or (iii) as an alternative to 1(b)(

i) above, and provided that a replacement vehicle as described in 1 (b)(

i) is available as required under the conditions of I (b)(

i) by replacing the described motor vehicle at the Corporation's cost with any other vehicle of the insured's choice where such replacement motor vehicle is deliverable to the insured by a dealer within 30 days of the determination of a total loss or constructive total loss, and provided that the cost of such vehicle does not exceed the cost of the replacement motor vehicle as determined under 1(b)(

i) but the cost of repair of any prior unrepaired damage to the described motor vehicle will be deducted from the settlement of the total loss or constructive total loss. 2. The Corporation may extend the tirnef rame contained in condition 1(a) (

i) or 1(b)(

i) for delivery of a replacement vehicle if such replacement vehicle cannot be delivered to the insured by a dealer within 30 days but it can be delivered within 90 days atter the date of the determination of a total loss or constructive total loss and the insured is willing to wait up to 90 days for the replacement vehicle to be delivered. If such replacement vehicle is not subsequently delivered within 90 days, then indemnity shall only be afforded in accordance with, for a new vehicle, condition 1(a)(ii) and, for a used vehicle, condition 1(b)(ii). 3.

In the case of a new motor vehicle only, where a replacement vehicle is delivered within 90 days in accordance with condition 2, but the insured, atter having agreed to wait the 90 days, subsequently elects not to accept the replacement motor vehicle, the settlement basis outlined in condition 1(a )(iii) applies. 4.

If, dunng the period when this endorsement is in effect, an accident causes direct loss or damage to the described motor vehicle that does not render the described motor vehicle a total loss or a constructive total loss, the Corporation will, subject to condition 5 below, indemnify the insured by paying for the cost of repair of the described motor vehicle, using new Original Equipment Manufacturer parts for such repair, and without requiring the insured to contribute any amount by way of depreciation or betterment to the cost of such worn or used parts as are replaced, if such replacement parts would result in the insured being required to contribute towards a depreciation or improvement allowance if this endorsement was not appii- cable.

If new Original Equipment Manufacturer parts are not available, the Corporation will indemnify the insured by paying for the cost of repair of the described motor vehicle, using new parts of like kind or quality to those used or recommended by the manufacturer of the described motor vehicle. 5. The agreements contained under conditions 1, 2, 3 and 4 of this endorse- ment will not apply to tire, theft, vandalism or malicious mischief losses occurring to a described motor vehicle which was in model year 3 on the date this endorsement was issued. 6. This endorsement may only be attached to an Owner's Certificate (

a) for a motor vehicle which is in model year 1, 2 or 3, and (

b) if the insured's Claim Rated Scale entitlement under such Owner's Certificate has been step 60 for more than five consecutive years without a chargeable claim, or if such Owner's Certificate has a Fleetpian discount of 40% or greater. 7. This endorsement is void (

a) if the insured is not a resident of British Columbia, (

b) if issued for a motor vehicle which is not in model year 1, 2 or 3, or (

c) it the insured did not meet the applicable qualification under condition 6(

b) above at the time this endorsement was issued. 8. No indemnity is afforded by this endorsement (

a) where the described motor vehicle APV286A (0620001

(

i) is a commercial motor vehicle having a licenced gross vehicle weight ir excess of 5000 kgs, or (ii) is not insured by the underlying insurance under rate class 001, 002, 003, 004, 005, 007, 011, 012, 014, 021, 022, 023, 024, 027, 051, 055, 200, 202. 203, 206, 850, 853 or 856 at the time of loss, (

b) for a claim or demand (

i) for loss or damage arising out of repair of prior unrepaired loss or damage to the described motor vehicle at the same place or an adjacent place to any place on the descnbed motor vehicle that has suffered repairable loss or damage for which a claim may be made under this endorsement, (ii) for loss or damage arising out of a claim for accelerated depreciation caused by or resulting from the repair of any loss or damage to the described motor vehicle, (iii)for any claim for loss of use of the described motor vehicle, (iv)for loss relating to any third party or manufacturer warranties or other vehicle warranty insurance, or (

v) under condition 1(a), unless the insured produces the bill of sale, or (

c) where the insured does not comply with

Section 119 (2) of the Regulation by accurately declaring the value of the insured vehicle, and where, as a result of this,

Section 119 (3) of the Regulation applies. 9.

Definitions In this endorsement, the following words or phrases have the following meanings: "accident - means an unforeseen occurrence or series of connected unforeseen occurrences causing direct loss or damage to the described motor vehicle; -bill of sale'means the original or a facsimile of the original document by which ownership of the descnbed motor vehicle was transferred to the insured by the manufacturer of the described motor vehicle or the manufacturer's agent or dealer and, in the case of equipment added to the vehicle subsequent to the vehicle being purchased or leased by the insured, means the original or a facsimile of the original document issued to the insured at the date of purchase of such additional equipment; 'constructive total loss"means that condition of the described motor vehicle that exists when it might be feasible to repair the described motor vehicle but the cost of repairs to the descnbed motor vehicle exceeds the net actual cash value of the described motor vehicle as the condition of that vehicle was immediately prior to ;he occurrence of the loss or damage for which indemnity is afforded by this endorsement; "described motor vehicle - means the vehicle shown on the Owner's Certificate or on the Vehicle in Storage Policy, together with such permanently attached equipment and unattached equipment as was in or on the vehicle at the date of the accident provided that such equipment is automatically afforded coverage under Regulation

Section 122 or is covered under a valid and subsisting Excess Special Equipment Endorsement (APV300) or Special Sound and Communication Equipment Endorsement (APV330); -endorsement - means the extended indemnity afforded by this contract of extension insurance but does not include any indemnity afforded by any underlying insurance; "insured"means the named insured owner of the described motor vehicle and includes, (

a) where the owner is the lessor of the described motor vehicle, the lessee of the described motor vehicle to the extent of the lessee's insurable interest therein if the lease contains an option for the lessee to purchase the descnbed motor vehicle, regardless of when the option was exercised by the lessee, and (

b) the hrlder of each lien registered against the described motor vehicle at the time the described motor vehicle was rendered a total loss or constructive total lost, under circumstances for which indemnity is afforded by this endorsement; "model year t' means the model year number which applies to a described motor vehicle where the calendar year in which this endorsement is issued is equal to or prior to the model year assigned to the descnbed motor vehicle by its manufacturer; "model year 2- means the model year number which applies to a descnbed motor vehicle where the calendar year in which this endorsement is issued is the first calendar year subsequent to the model year assigned to the described motor vehicle by its manufacturer; 'model year3"means the model year number which applies to a described motor vehicle where the calendar year in which this endorsement is issued is the second calendar year subsequent to the model year assigned to the described motor vehicle by its manufacturer; "net actual cash value - is the amount determined by subtracting the value or estimated value received from the sale of the salvage of the wrecked described motor vehicle from the actual cash value of the described motor vehicle; 'net purchase price -means the following, excluding the price of any third party or manufacturer warranties or other vehicle warranty insurance, but including: (

a) the total vehicle price including all manufacturer and dealer installed options (prior to the deduction of any trade-in allowance or factory, manufacturer's and/ or dealer's discounts), plus applicable taxes, levies and documentation fees as shown on the bill of sale, or tb) in the case of a leased described motor vehicle (

i) the amount stated on the lease agreement as the pnce on which the lease is based, plus any amount stated on the same lease agreement as being the value of any optional equipment installed on the described motor vehicle by the dealer, plus any amount stated on the bill of sale for other equipment added to the vehicle was leased by the insured, or where the amounts described in (

a) above are not stated on the lease agreement, the wholesale price of the described motor vehicle (as evidenced by the factory invoice originating from the manufacturer of the descnbed motor vehicle), plus the cost pnce of any dealer installed options (as evidenced by the dealer's invoice), plus an additional 50% of the difference between the wholesale price stated on the factory invoice together with the cost price of any dealer installed options, and the Manufacturer's Suggested Retail Price of the described motor venicle including any dealer installed options, but where the insured does not provide the Corporation with a copy of the factory invoice or the dealer invoice, the above additional percentage shall not be applied; 'new motor vehicle•means a described motor vehicle which nas not been Previously registered except by the named insured for the general purpose of operation on a highway and where ownership of the vehicle is evidenced by a bill of sale: 'Owner's Certificate" means the Owner's Certificate of Insurance, Vehicle Licence and Registration, the Temporary Operation Permit and Owner's Certificate of Insurance (APV16LL) or the Vehicle in Storage Policy (APV345) issued in respect of the descnbed motor vehicle for which this endorsement is issued; "replacement cost - means only such restncted indemnity as is afforded by the words of this endorsement; "!otal loss" means that condition of the described motor vehicle that exists when the described motor vehicle is stolen and not recovered or is so severely or extensively damaged that it is not feasible to repair the described motor vehicle; ' underlying insurance - means insurance afforded to the owner of the described motor vehicle by an Owner's Certificate together with any applicable APV300 (Excess Special Equipment Endorsement) and/or APV330 (Special Sound and Communication Equipment Endorsement) that in each case is issued to the insured and where the Owner's Certificate, APV300 and APV330 at the time of the loss or damage provides Own Damage coverage for which the insured has paid a premium under Division 2 of

Part 9 of the Regulation, of the type for which the insured is entitled to make a claim in respect of loss or damage to the described motor vehicle and while this Replacement Cost Endorsement is in force: ' used motor vehicle -means a descnbed motor vehicle which has been previously registered to a person other than the named insured for the general purpose of operation on a highway. Except as otherwise provided in this endorsement, all limits, terms, conditions, provisions,

definitions and exclusions of the Regulation shall apply with full force and effect to this endorsement.

IN WITNESS WHEREOF THE CORPORATION HAS CAUSED THIS ENDORSEMENT TO BE SIGNED BY ITS PRESIDENT AND CHIEF EXECUTIVE OFFICER BUT THE ENDORSEMENT SHALL NOT BE BINDING UNTIL THE OWNER'S CERTIFICATE TO WHICH THIS ENDORSEMENT IS ATTACHED HAS BEEN VALIDATED AND SIGNED BY AN AGENT CR OTHER AUTHORIZED REPRESENTATIVE OF THE CORPORATION. Thorn Thompson PRESIDENT AND CHIEF EXECUTIVE OFFICER INSURANCE CORPORATION OF BRITISH CCLUMBIA APV286A 1062000)

BODY STYLE VEHICLE IDENTIFICATION (SERIAL) NUMBER MODEL `al MAKE MODEL REGISTRATION NUMBER COLLISION RATE GROUP $ COMPREHENSIVE / SPECIE ED PERILS RATE GROUP 1 A certilicate rs invalid ir issued for a vehicle that is not required lo be licenced under the Motor Vehicle Ad (Insurance (Motor Vehicle) Ad) . Sec 37) 2 A certificate IS deemed invalid as soon as the vehicle is registered and licenced in another province or state (Insurance (Motor Vehicle) Act).

Sec 37) 3 Use of the vehicle by Persons or fo r p urp oses not permitted by the Insurance (Motor Vehicle) Acl and Regulation or by the rale class shown on the certificate may invalidate the certificate. (Regulation) NOTE Item I of this warning does not apply where this policy is issued for a motor vehicle insured on an Autoplan Unlicensed Vehicle Policy (ARV4S) THE CORRECT PREMIUM MUST BE ENTERED FOR BOTH RATE GROUPS. DISCOUNT SURCHARGE 12 CRS FLEET PREMIUM DO NOT WRITE / STAPLE IN THIS AREA LIMITED DEPRECIATION POLICY PRESCRIBED PURSUANT TO

SECTION 153 OF THE REVISED REGULATION (195 4) UNDER THE INSURANCE ( MOTOR VEHICLE) ACT (HEREINAFTER CALLED THE REGULATION) Insurance Corporation of British Columbia (Hereinafter called The Corporation) IE OWNER (HEREINAFTER CALLED THE INSURED) HEREBY APPLIES TO THE CORPORATION FOR A LIMITED DEPRECIATIC OLICY.

AND THIS APPLICATION SHALL FORM PART OF THE POLICY F INSURANCE HEREIN APPLIED FOR WHICH SHALL BE AS FOLLOWS POLICY NUMBER TO COINCIDE WITH EXPIRY DATE OF TOR OP APY.15 NUMBER LINE NO APV297 EXPIRY DATE DAY MONTH YEAR EFFECTIVE DATE DAY MONTH YEAR TOP OR APV 45 NUMBER BC DRIVER'S LICENCE NUMBER FLEET NUMBER __J 1 AUTHORIZATION NUMBER ICBC / AGENT'S COMMENTS THIS POLICY IS VOID IF ISSUED FOR A MOTOR VEHICLE WHICH IS NOT IN MODEL YEAR I. 2 OR 3 .

NAME OF INSURED (SURNAME FOLLOWED BY GIVEN NAME(S)) 4DORESS OF INSURED CITY PROVINCE POSTAL CODE NUMBER OF INSUREDS CONSIDERATION OF THE PREMIUM PAID TO THE CORPORATION BY THE INSURED FOR THIS POLICY, THE CORPORATION AGREES TO INDEMNIFY HE INSURED FOR DIRECT AND ACCIDENTAL LOSS OR DAMAGE CAUSED TO THE DESCRIBED MOTOR VEHICLE BY ONE OF THE PERILS FOR WHICH HE INSURED HAS PAID A PREMIUM UNDER THE INSURED'S UNDERLYING INSURANCE, OCCURRING DURING THE TERM OF THIS POLICY IN CCORDANCE WITH THE SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND EXCLUSIONS OF THIS POLICY AND SUCH OF THE PROVISIONS OF DIVISION OF

PART 9 OF THE REGULATION AS ARE NOT IN CONFLICT WITH THE SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND EXCLUSIONS OF THIS POLICY. /HERE (

a) THERE IS UNDERLYING INSURANCE, AND (

b) THE DOLLAR AMOUNT OF THE LOSS OR DAMAGE TO THE DESCRIBED MOTOR VEHICLE EXCEEDS THE APPLICABLE DEDUCTIBLE AMOUNT PROVIDED BY THE UNDERLYING INSURANCE. MOTOR VEHICLE DESCRIPTION (HEREINAFTER CALLED THE DESCRIBED MOTOR VEHICLE) WARNING 011, 012, 200, NOT EXCEEDING 5000 Kg GVW AND MUST BE RATE CLASS r 001, 002, 003, 004, 005, 007 014, 021, 022, 023, OK or 027 OR RATE CLASS 051, 055 202, 203, 206, 850, 853 or 856 RATE CLASS MODEL VIM MUMMER TEAR HIS POLICY OF INSURANCE SHALL BE SUBJECT TO THE SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND .XCLUSIONS CONTAINED ON THE BACK OF THIS POLICY, WHICH SHALL ALSO FORM PART OF THIS POLICY ,ND SHALL BE BINDING UPON THE INSURED. ' SIGNING THIS APPL ICATION. THE INSURED ACKNOWLEDGES ALL THE TERMS AND CONDITIONS CONTAINED ON BOTH THE FRONT AND BACK DES HEREOF AND DECLARE S THAT THE FOREGOING PARTICULARS ARE TRUE. AND WHERE (A)THE INSURED IN THIS APPLICATION GIVES FALSE OTTICuLARS TO THE PREJUDICE OF THE CORPORATION OR KNOWINGLY MISREPRESENTS OR FAILS TO DISCLOSE IN THIS APPLICATION ANY iCT REQUIRED TO BE STATED HEREIN, OR

(8) THE INSURED CONTRAVENES A TERM OR CONDITION OF THE POLICY OF INSURANCE HEREBY 'PLIED FOR OR THE REGULATION OR COMMITS A FRAUD. OR (

C) THE INSURED WILLFULLY MAKES A FALSE STATEMENT IN RESPECT OF A CLAIM ilDER THE POLICY OF INSURANCE HEREBY APPLIED FOR OR THE REGULATION, ANY CLAIM BY THE INSURED UNDER THE SAID POLICY IS INVALID ID THE RIGHT OF THE INSURED TO RECOVER INDEMNITY THEREUNDER IS FORFEITED AND IN ADDITION OR AS AN ALTERNATIVE, WHERE IPROPRIAIE AND APPLICABLE. THE CORPORATION MAY CANCEL THE SAID POLICY PURSUANT TO

SECTION 58 OF THE REGULATION) GNATUTTE OF iNSURED NET PREMIUM S PRORATED PREM $ Cash S Cheque I Debit/Credit $ NOT VALID TIME OF VALIDATION UNLESS STAMPED AM BY AUTHORS ED PM ISSUING OFFICE SIGNATURE OF AGENT

If an accident renders the described motor vehicle a total loss or constructive total loss during the term of thispolIcy, the Corporation will, subject to condition 4 below, indemnify the insured for direct and accidental loss or damage caused to the described motor vehicle, where the described motor vehicle Is a new motor vehicle, at the Corporation's sole option, either (

i) WI:Mixing the described motor vehicle at the Corporation's cost with a new vehicle of like make, model, model year and style, with equipment and Options attached thereto similar to those listed on the bill of sale, or (ii) by paying the insured the lesser of the followingg. A, the verified original net purchase price actually paid by the insured for the described motor vehicle as evidenced by the bill of sale, or B the manufacturer's suggested retail price at the date of purchase of the described motor vehicle together with any dealer options attached to that vehicle as listed on the bill of sale. (

b) where the described motor vehicle Is a used motor vehicle

i) by replacing the described motor vehicle at the Corporation's cost with a new vehicle of like make, model, model year and style. with equipment and options attached thereto similar to those that wore on the described motor vehicle at the date of the accident, or pi) where a replacement vehicle is not available, by paying the insured 9090 of the manufacturer's suggested retail price of the described motor vehicle at the time it was manufactured, including any dealer options attached thereto, but the Cost of repair of any prior unrepaired damage to the described motor vehicle will be deducted from the settlement of the total loss or constructive total loss.

If, during the term of this policy, art accident causes direct loss or damage to the described motor vehicle that does not render the described motor vehicle a total loss or a constructive total loss, the Corporation will indemnify the insured by paying for the cost of repair of the described motor vehicle, using parts of similar kind or quality to those used by the manufacturer of the described motor vehicle for such repair. Where, at the discretion of the Corporation, such parts are required, these may at the discretion of the Corporation be new or used.

Where new or used parts replace worn or used parts, these may be used without requiring the insured to contribute any amount by way of depreciation or betterment to the cost of such worn or used parts replaced if such replacement parts would result in tne insured being required to contribute towards a depreciation or improvement allowance it this policy was not applicable.

Notwithstanding condition 2, depreciation or betterment shall be applied to the cost of replacement of a tire or tires, or battery or batteries or the cost of replacing a convertible top or of repainting the entire described motor vehicle where indemnity for such cost of the tire, battery, convertible top or repainting is paid under condition 2. The agreements contained under conditions 1 and 2 of this policy will not apply to lire, theft, vandalism or malicious mischief losses occurring to a described motor vehicle which was in model year 3 on the inception date of this policy.

This policy may only be issued for a motor vehicle which is (

a) in model year 1, 2 or 3, (

b) licenced and insured under a Temporary Operation Permit and Owner's Certificate of Insurance (A PV16) or insured under an Autoplan Unlicenced Vehicle Policy (APV45) on the dale that this policy is issued, and (

c) registered in the province of British Columbia. This policy is void (

a) if the insured is not a resident of British Columbia, (

b) if issued for a motor vehicle which is not in model year 1, 2 or 3, (

c) upon indemnity being afforded under condition 1 above, (

d) if issued for a motor vehicle which is not licenced and insured under a Temporary Operation Permit and Owner's Certificate of Insurance (APV16) or insured under an Autoplan Unlicenced Vehicle Policy (APV45) in accordance with condition 5(

b) above, or issued for a motor vehicle which is not registered in the province of British Columbia. No indemnity is afforded by this policy (

a) where the described motor vehicle (

i) is a commercial motor vehicle having a licenced gross vehicle weight in excess of 5000 kgs. or (

a) is not insured by the underlying insurance under rate class 001, 002, 003,004, 005, 007, 011, 012, 014,021,022, 023, 024, 027, 051, 055, 200, 202, 203, 206, 850, 853 or 856 at the time of loss. or (

b) for a claim or demand (

i) for loss or damage arising out of repair of prior unrepaired loss or damage to the described motor vehicle at the same place or an adjacent place to any place on the described motor vehicle that has suffered repairable loss or damage for which a claim may be made under this policy, (

a) for loss or damage arising out of a claim for accelerated depreciation caused by or resulting from the repair of any loss or damage to the described motor vehicle, Wit for any claim for loss of use of the described motor vehicle. (iv) for loss relating to any third party or manufacturer warranties or other vehicle warranty insurance, or (

v) under condition 1(

a) unless the insured produces the bill of sale, or (

c) where the insured does not comply with

Section 119 (2) of the Regulation by accurately declaring the value of the insured vehicle, and where, as a result of this,

Section 119 (3) of the Regulation applies.

Definitions In this policy, the following words or phrases have the following meanings: cident'means an unforeseen occurrence or series of connected unforeseen occurrences causing direct loss or damage to the described motor vehicle; rot sare"means the original or a facsimile of the original document by which ownership of the APv297 mezzo) (a) • . SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND EXCLUSIONS described motor vehicle was transferred to the insured by the manufacturer of the described motor vehicle or the manufacturer's agent or dealer and, in the case of equipment added ic the vehicle subsequent to the vehicle being purchased or leased by the insured, means the original or a facsimile of the original document issued to the insured at the date of purchase -conosfesuuccthivaedrod ritair loasl es ueipamnsentkat condition of the described motor vehicle that exists when it might be feasible to repair the described motor vehicle but the cost of repairs to the described motor vehicle exceeds the net actual cash value of the described motor vehicle as the condition of that vehicle was immediately prior to the occurrence of the loss or damage lot which indemnity is afforded by this policy; 'described motor vehicle'means the vehicle shown on the front of this policy toget tit,' with such permanently attached equipment and unattached equipment as was in or on the vehicle al the date of the accident provided that such equipment is automatically afforded coverage under Regulation

Section 122 or is covered under a valid and subsisting Excess Special Equipment Endorsement (APV300) or Special Sound and Communication Equipment Endorsement (APV330). "insured"means the named insured owner of the described motor vehicle and includes, (

i) where the owner is the lessor of the described motor vehicle, the lessee of the described motor vehicle to the extent of the lessee's insurable interest therein if the lease contains an option for the lessee to purchase the described motor vehicle, regardless of when the option was exercised by the lessee, and the holder of each lien registered against the described motor vehicle at the time the described motor vehicle was rendered a total loss or constructive total loss under circumstances for which indemnity is afforded by this policy; 'model yearl*means the model year number which applies to a described motor vehicle where the calendar year in which this policy is issued is equal to or prior to the model year assigned to the described motor vehicle by its manufacturer; 'model year 2"means the model year number which applies to a described motor vehicle where the calendar year in which this policy is issued is the first calendar year subsequent to the model year assigned the described motor vehicle by its manufacturer; 'model year 3'means the model year number which applies to a described motor vehicle where the calendar year in which this policy is issued is the second calendar year subsequent to the model year assigned to the described motor vehicle by its manufacturer; 'net actual cash valueis the amount determined by subtracting the value or estimated value received from the sale of the salvage of the wrecked described motor vehicle from the actual cash value of the described motor vehicle; 'net purchase price' means the following, excluding the price of any third party or manufacturer warranties or other vehicle warranty insurance, but including: (

a) the total vehicle price including all manufacturer and dealer installed options (prior to the deduction of any trade-in allowance or factory, manufacturer's and/or dealer's dis- counts), plus applicable taxes, levies and documentation fees as shown on the bill of sale, or lb) in the case of a leased described motor vehicle, (

i) the amount stated on the lease agreement as the price on which the lease is based, plus any amount stated on the same lease agreement as being the value of any optional equipment installed on the described motor vehicle by the dealer plus any amount stated on the bill of sale for other equipment added to the vehicle after the vehicle was leased by the insured, or (ii) where the amounts described in (

a) above are not stated on the lease agreement, the wholesale price of the described motor vehicle (as evidenced by the factory invoice originating from the manufacturer of the described motor vehicle). plus the cost price of any dealer installed options (as evidenced by the dealers invoice).

Plus an additional 50% of the difference between the wholesale price slated on the factory invoice together with the cost price of any dealer installed options, and the Manufacturers Suggested Retail Price of the described motor vehicle including any dealer installed options, but where the insured does not provide the Corporation with a copy of the factory invoice or the dealer invoice, the above additional percentage shall not be applied; 'new motor vetucle"means a described motor vehicle which has not been previously registered except by the named insured for the general purpose of operation on a highway where ownership of the vehicle is evidenced by a bill of ale; "policy'means the extended Indemnity afforded by this contract of extension insurance but does not include any Indemnity afforded by any underlying insurance; depreciation'means only such restricted indemnity as is afforded by the words of this policy; 'total loss" means that condition of the described motor vehicle that exists when the described motor vehicle is stolen and not recovered or is so severely or extensively damaged that it is not feasible to repair the described motor vehicle; 'underlying insurance"means insurance afforded to the owner of the described motor vehicle either by (

a) an Autoplan Unlicenced Vehicle Policy (APV45), if the vehicle is not currently licenced. OF (

b) a Temporary Operation Permit and Owner's Certificate of Insurance (APV16), it the vehicle is currently licenced, together with any applicable APV300 (Excess Special Equipment Endorsement) .and/or APV330 (Special Sound and Communication Equipment Endorsement) that in each case is issued to the same insured as the insured named in this policy and where the Unlicenced Vehicle Policy or Temporary Operation Permit and Owner's Certificate of Insurance and APV300 and/or APV330, at the time of the loss or damage provides Own Damage coverage for which the insured has paid a premium under DNision 2 of

Part 9 of the Regulation, of the type for which the insured is entitled to make a claim in respect of loss or damage to the described motor vehicle and while this Limited Depreciation Policy is in force; 'used motor vehicle'means a described motor vehicle which has been previously registered to a person other than the named insured for the general purpose of operation on a highway. EXCEPT AS OTHERWISE PROVIDED IN THIS POLICY, ALL LIMITS, TERMS, CONDI- TIONS, PROVISIONS,

DEFINITIONS AND EXCLUSIONS OF THE REGULATION, SHALL APPLY WITH FULL FORCE AND EFFECT TO THIS POLICY.

IN WITNESS WHEREOF, THE CORPORATION HAS CAUSED THIS POLICY TO BE SIGNED BY ITS PRESIDENT AND CHIEF EXECUTIVE OFFICER BUT THE POLICY SHALL NOT BE BINDING UNTIL VALIDATED AND SIGNED ON THE FRONT SIDE BY AN AGENT OR OTHER AUTHORIZED REPRESENTATIVE OF THE CORPORATION. Thom Thompson PRESIDENT AND CHIEF EXECUTIVE OFFICER INSURANCE CORPORATION OF BRITISH COLUMBIA

Insurance Corporation 4 of British Columbia (Hereinafter called The Corporation) LIMITED DEPRECIATION ENDORSEMENT PRESCRIBED PURSUANT TO

SECTION 153 OF THE REVISED REGULATION

(1984) UNDER THE INSURANCE (MOTOR VEHICLE) ACT (HEREINAFTER CALLED THE REGULATION In consideration of the premium paid to the Corporation by the insured for this endorsement, as shown on the Owner's Certificate to which this endorsement is attached, the Corporation agrees to indemnify the insured for direct and accidental loss or damage caused to the described motor vehicle by one of the perils for which the insured has paid a premium under the insured's underlying insurance, occurring during the term of the Owner's Certificate, in accordance with the following special terms, conditions,

definitions and exclusions of this endorsement and such of the provisions of Division 2 of

Part 9 of the Regulation as are not in conflict with the special terms, conditions,

definitions, and exclusions of this endorsement, and only where there is underlying insurance and the dollar amount of the loss or damage to the described motor vehicle exceeds the applicable deductible amount provided by the underlying insurance. SPECIAL TERMS, CONDITIONS,

DEFINITIONS AND EXCLUSIONS 1. If an accident renders the described motor vehicle a total loss or constructive total loss during the period when this endorsement is in effect, the Corporation will, subject to condition 4 below, indemnify the insured for direct and accidental loss or damage caused to the described motor vehicle, (

a) where the aescribed motor vehicle is a new motor vehicle, at the Corporation's sole option, either (

i) by replacing the described motor vehicle at the Corporation's cost with a new vehicle of like make, model, model year and style, with equipment and options attached thereto similar to those listed on the bill of sale, or (ii) by paying the insured the lesser of the following: A. the verified original net purchase price actually paid by the insured for the described motor vehicle as evidenced by the bill of sale, or B. the manufacturer's suggested retail price at the date of purchase of the described motor vehicle together with any dealer options attached to that vehicle as listed on the bill of sale, Or (

b) where the described motor vehicle is a used motor vehicle (

i) by replacing the described motor vehicle at the Corporation's cost with a new vehicle of like make, model, model year and style, with equipment and options attached thereto similar to those that were on the described motor vehicle at the date of the accident, or (ii) where a replacement vehicle is not available, by paying the insured 90% of the manufacturer's suggested retail price of the described motor vehicle at the time it was manufactured, including any dealer options attached thereto, but the cost of repair of any prior unrepaired damage to the described motor vehicle will be deducted from the settlement of the total loss or constructive total loss. 2.

If, during the period when this endorsement is in effect, an accident causes direct loss or damage to the described motor vehicle that does not render the described motor vehicle a total loss or a constructive total loss, the Corporation will indemnify the insured by paying for the cost of repair of the described motor vehicle, using parts of similar kind or quality to those used by the manufacturer of the described motor vehicle for such repair. Where, at the discretion of the Corporation, such parts are required, these may at the discretion of the Corporation be new or used.

Where new or used parts replace worn or used parts, these may be used without requiring the insured to contribute any amount by way of depreciation or betterment to the cost of such worn or used parts replaced if such replacement parts would result in the insured being required to contribute towards a depreciation or improvement allowance if this endorsement was not applicable. 3.

Notwithstanding condition 2, depreciation or betterment shall be applied to the cost of replacement of a tire or tires, or battery or battenes or the cost of replacing a convertible top or of repainting the urt.-e described motor vehicle where indemnity for such cost of the tire, battery. convertible top or repainting Is paid under condition 2. 4. The agreements contained under conditions 1 and 2 of this endorsementwill not apply to fire, theft, vandalism or malicious mischief losses occurring to a described motor vehicle which was in model year 3 on the date this endorsement was issued. 5.

This endorsement may only be attached to an Owner's Certificate for a motor vehicle which is in model year 1, 2 or 3. 6. This endorsement is void, (

a) if the insured is not a resident of British Columbia, or (

b) if issued for a motor vehicle which is not in model year 1, 2 or 3. 7. No indemnity is afforded by this endorsement (

a) where the described motor vehicle (

i) is a commercial motor vehicle having a licensed gross vehicle weight in excess of 5000 kgs, or (ii) is not insured by the underlying insurance under rate class 001, 002, 003, 004, 005, 007, 011, 012, 014, 021, 022, 023, 024, 027, 051, 055, 200, 202, 203, 206, 850, 853 or 856 at the time of loss, ,

b) for a claim or demand (

i) for loss or damage arising out of repair of prior unrepaired loss or damage to the described motor vehic.e at the same place or an adjacent place to any place on the described motor vehicle that has suffered repairable loss or damage for which a claim may be made under this endorsement, (ii) for loss or damage arising out of a claim for accelerated depreciation caused by or resulting from the repair of any loss or damage to the described motor vehicle, (iii)for any claim for loss of use of the described motor vehicle, (iv)for loss relating to any third party or manufacturer warranties or other vehicle warranty insurance, or (v1 under condition 1(

a) unless the insured produces the bill of sale, or (

c) where the insured does not comply with

Section 119 (2) of the Regulation by accurately declaring the value of the insured vehicle, and where, as a result of this,

Section 119 (3) of the Regulation applies. 8.

Definitions APV29 7o1,

(062000) In this endorsement, the following words or phrases have the following meanings: 'accident' means an unforeseen occurrence or series of connected unforeseen occurrences causing direct loss or damage to the described motor vehicle; 'bill of sale" means the original or a facsimile of the original document by which ownership of the described motor vehicle was transferred to the insured by the manufacturer of the described motor vehicle or the manufacturer's agent or dealer and, in the case of equipment added to the vehicle subsequent to the vehicle being purchased or leased by the insured, means the original or a facsimile of the original document issued to the insured at the date of purchase of such additional equipment; 'constructive total Icre means that condition of the described motor vehicle that exists when it might be feasible to repair the described motor vehicle but the cost of repairs to the described motor vehicle exceeds the net actual cash value of the described motor vehicle as the condition of that vehicle was immediately prior to the occurrence of the loss or damage for which indemnity is afforded by this endorsement; 'described motor vehicle nmeans the vehicle shown on the Owner's Certificate or on the Vehicle in Storage Policy, together with such permanently attached equipment and unattached equipment as was in or on the vehicle at the date of the accident provided that such equipment is automatically afforded coverage under Regulation

Section 122 or is covered under a valid and subsisting Excess Special Equipment Endorsement (APV300) or Special Sound and Communication Equipment Endorsement (APV330); `endorsemenr means the extended indemnity afforded by this contract of extension insurance but does not include any indemnity afforded by any underlying insurance; "insured means the named insured owner of the described motor vehicle and includes, (

i) where the owner is the lessor of the described motor vehicle, the lesseeof the described motor vehicle to the extent of the lessee's insurable interest therein if the lease contains an option for the lessee to purchase the described motor vehicle, regardless of when the option was exercised by the lessee, and (ii) the holder of each lien registered against the described motor vehicle at the tirm, the described motor vehicle was rendered a total loss or constructive total loss under circumstances for which indemnity is afforded by this endorsement; ' limited depreciation"means only such restricted indemnity as is afforded by the words of this endorsement; "model year 1 'means the model year number which applies to a described motor vehicle where the calendar year in which this endorsement is issued is equal to or prior to the model year assigned to the described motor vehicle by its manufacturer; "model year 2"means the model year number which applies to a described motor vehicle where the calendar year in which this endorsement is issued is the first calendar year subsequent to the model year assigned to the described motor vehicle by its manufacturer; "model year 3' means the model year number which applies to a described motor vehicle where the calendar year in which this endorsement is issued is the second calendar year subsequent to the model year assigned to the described motor vehicle by its manufacturer; ' net actual cash value' is the amount determined by subtracting the value or estimated value received from the sale of the salvage of the wrecked described motor vehicle from the actual cash value of the described motor vehicle; 'net purchase price" means the following, excluding the price of any third party or manufacturer warranties or other vehicle warranty insurance, but including: (

a) the total vehicle price including all manufacturer and dealer installed options (prior to the deduction of any trade-in allowance or factory, manufacturer's and/or dealer's discounts), plus applicable taxes, levies and documentation fees as shown on the bill of sale, or (

b) in the case of a leased described motor vehicle, (

i) the amount stated on the lease agreement as the price on which the lease is based, plus any amount stated on the same lease agreement as being the value of any optional equipment installed on the described motor vehicle by the dealer plus any amount stated on the bill of sale for other equipment added to the vehicle after the vehicle was leased by the insured, or (ii) where the amounts described in (

a) above are not stated on the lease agreement, the wholesale price of the described motor vehicle (as evidenced by the factory invoice originating from the manufacturer of the described motor vehicle), plus the cost price of any dealer installed options (as evidenced by the dealer's invoice), plus an additional 50% of the difference between the wholesale price stated on the factory invoice together with the cost price of any dealer installed options, and the Manufacturer's Suggested Retail Price of the described motor vehicle including any dealer installed options, but where the insured does not provide the Corporation with a copy of the factory invoice or the dealer invoice, the above additional percentage shall not be applied; 'new motor vehicle' means a described motor vehicle which has not been previously registered except by the named insured for the general purpose of operation on a highway where ownership of the vehicle is evidenced by a bill of sale; 'Owner's Certificate' means the Owner's Certificate of Insurance, Vehicle Licence and Registration, the Temporary Operation Permit and Owner's Certificate of Insurance (APV16LL) or the Vehicle in Storage Policy (APV345) issued in respect of the described motor vehicle for which this endorsement is issued; 'total loss' means that condition of the described motor vehicle that exists when the described motor vehicle is stolen and not recovered or is so severely or extensively Damaged that it is not feasible to repair the described motor vehicle; "underlying insurance" means insurance afforded to the owner of the described motor vehicle by an Owner's Certificate, together with any applicable APV300 (Excess Special Equipment Endorsement) and/or APV330 (Special Sound and Communication Equipment Endorsement) that in each case is issued to the insured and where the Owner's Certificate, APV300 and APV330 at the time of the loss or damage provides Own Damage coverage for which the insured has paid a premium under Division 2 of

Part 9 of the Regulation, of the type for which the insured is entitled to make a claim in respect of loss or damage to the described motor venicie and while this Limited Depreciation Endorsement is in force; 'used motor vehIcle"means a described motor vehicle which has been previously registered to a person other than the named insured for the general purpose of operation on a highway. Except as otherwise provided in this endorsement, all limits, terms, conditions, provisions,

definitions and exclusions of the Regulation shall apply with full force and effect to this endorsement.

IN WITNESS WHEREOF, THE CORPORATION HAS CAUSED THIS ENDORSEMENT TO BE SIGNED BY ITS PRESIDENT AND CHIEF EXECUTIVE OFFICER BUT THE ENDORSEMENT SHALL NOT BE BINDING UNTIL THE OWNER'S CERTIFICATE TO 1A/L.J1nU7...ise • •-• Thom Thompson

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 902/2000
Type	order_in_council
Volume / chapter	arc oic 0902 2000
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	0f325f47c1cf4bdffb49132b028ddffd5dca9f78

Source file is stored in the law ingest library (pdf).