About ICBC
BCUC regulation of ICBC
The B.C. Utilities Commission (BCUC) was appointed in 2003 as the independent regulator for ICBC with the responsibility to approve rates for Basic insurance.
Basic Insurance Tariff
The Basic Insurance Tariff, effective June 1, 2007, was approved through Commission Order G-57-07. Amendments to the Basic Insurance Tariff were approved through subsequent Commission Orders.
ICBC's Basic Insurance Tariff (8.8 MB)
Note: This tariff information is provided for your convenience. If there are differences between this material and the official document approved by the BCUC, the official document shall prevail. The Basic Insurance Tariff, as posted above, may not be fully searchable.
Financial Allocation Methodology Application
On January 31, 2024, ICBC submitted an application seeking approval of proposed changes to its current BCUC-approved Financial Allocation Methodology (FAM). ICBC uses the FAM to allocate its revenues and costs among its Basic, Optional and non-insurance business segments in a fair and equitable manner. ICBC seeks to enhance the objectivity, transparency and efficiency of the FAM in light of the introduction of Enhanced Care and other business changes. The BCUC has posted a notice for public participation to review ICBC's application.
ICBC's Revenue Requirements Application
On October 11, 2023, the BCUC approved ICBC's application for no overall change to Basic insurance for two years. For more details see the BCUC's Decision and Final Order.
On December 15, 2022, ICBC filed the following application: ICBC's Revenue Requirements Application (21 MB). Listed below are ICBC's documents relating to this application:
March 9, 2023 | PDF - 9.1 MB | ICBC's response to BCUC information requests No.1 | |
March 9, 2023 | PDF - 4.2 MB | ICBC's responses to Intervener information requests No.1 | |
April 5, 2023 | PDF - 0.6 MB | ICBC's RRA Workshop Presentation | |
May 16, 2023 | PDF - 1.5 MB | ICBC's Final Argument | |
June 27, 2023 | PDF - 0.5 MB | ICBC's Reply Argument |
Past submissions to BCUC
ICBC's past submissions to the BCUC are available on the Commission's website.