Insurance Corporation of BC

INSURANCE CORPORATION OF BC (ICBC) is a commercial CROWN CORP, based in N VANCOUVER, which administers Autoplan, the compulsory provincial automobile insurance program. Established in 1973 by the NDP government of Dave BARRETT, ICBC operates on a non-profit basis: insurance premiums collected from motorists are expected to pay for all insurance claims. Under the terms of Autoplan, every motorist is required to have basic insurance. Private insurance companies may compete with ICBC in offering...

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