The Insurance Corporation of British Columbia is still waiting on the independent B.C. Utilities Commission (BCUC) to sign off on waving cancellation fees.
Last Thursday the public insurer announced plans to waive its $30 policy cancellation fee and $18 re-plating fee for those people who choose to cancel their insurance.
But rate payers will continue to pay the cancellation fee until the change is approved. “I think the utilities commission role is an important one.
We have to make sure that there is an independent body doing the checking on whether this is viable for the corporation,” Premier John Horgan said. “These are things that have happened in the past, whether it’s with BC Hydro or ICBC.