British Columbia Order in Council — Amendment to Insurance (Vehicle) Regulation (O.C. 104/2021)

O.C. 104/2021

British Columbia — Orders in Council

PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. , Approved and Ordered 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 (

a) the Insurance (Vehicle) Regulation, B.C. Reg. 447/83, is amended as set out in the attached

Schedule 1, and (

b) effective May 1, 2021, the Insurance (Vehicle) Regulati on is amended as set out in the attached

Schedule 2. Minister of Public Safety and Solicitor General Presiding Member of the Executive Council (This

part is for administrative purposes only and is not part of the Order.) Authority under which Order is made: Act and section: Insurance (Vehicle) Act, R.S.B.C. 1996, c. 231, s. 45 (2) Other: OIC 1897/83 R10488519 March 1, 2021

SCHEDULE 1 The Insurance (Vehic le) Regulation, B.C. Reg. 447/83, is amended by adding the following section: COVID-19 pandemic rebate 15.21

(1) In this section, “COVID-19 pandemic” has the same meaning as in

section of the COVID-19 Related Measures Act; “government directive” has the same meaning as in section 3 (4) of Special Direction IC2 to the British Columbia Utilities Commission, B.C. Reg. 307/2004; “rebate” means a rebate referred to in an a pplication by the corporation to the commission, in accordance with a governme nt directive, for changes to rates in support of a rebate in connection with the COVID-19 pandemic.

(2) If the corporation is required to pay a rebate, the corporation is not required to make payment if the amount of the rebate is less than $1.

(3) The amount of any rebate must be rounded to the nearest dollar and an amount ending in $.50 must be rounded up to the next dollar.

(4) If the corporation is required to pay a re bate and fails to pay the rebate within 6 months after the effective date of change s to rates in support of the rebate under the government directive, the corporation must add to the amount of the rebate interest for the period from the end of the 6 months to the date payment is made.

(5) Interest under this

section must be paid at the rate referred to in

section 15.2 (2) that is in effect on the date payment is made.

SCHEDULE 2 The Insurance (Vehic le) Regulation, B.C. Reg. 447/83, is amended by adding the following section: Enhanced care rebate 15.22

(1) In this section, “rebate” means a rebate referred to in the corporation’s application to the commission in accordance with the gove rnment directive dated November 30, 2020, for changes to rates, including a rebate, in connection with the Attorney General Statutes (Vehicle Insurance) Amendment Act, 2020.

(2) If the corporation is required to pay a rebate, the corporation is not required to make payment if the amount of the rebate is less than $1.

(3) The amount of any rebate must be rounded to the nearest dollar and an amount ending in $.50 must be rounded up to the next dollar.

(4) If the corporation is required to pay a rebate and fails to pay the rebate by November 1, 2021, the corporation must add to the amount of the rebate interest for the period from November 1, 2021 to the date payment is made.

(5) Interest under this

section must be paid at the rate referred to in

section 15.2 (2) that is in effect on the date payment is made.

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 104/2021
Type	order_in_council
Volume / chapter	arc oic 0104 2021
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	9d4161475fccb8b67d676a699d2da76e8654937e

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