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Volume 64, No. 5

51/2021

The British Columbia Gazette,

Part II

March 9, 2021

B.C. Reg. 51/2021 , deposited March 1, 2021, under the INSURANCE (VEHICLE) ACT [section 45 (2)]. Order in Council 104/2021, approved and ordered March 1, 2021.

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) Regulation is amended as set out in the attached

Schedule 2.

— M. FARNWORTH, Minister of Public Safety and Solicitor General ; S. ROBINSON, Presiding Member of the Executive Council .

Schedule 1

1 The Insurance (Vehicle) 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 1 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 application by the corporation to the commission, in accordance with a government 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 rebate and fails to pay the rebate within 6 months after the effective date of changes 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

1 The Insurance (Vehicle) 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 government 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.

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