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 July 12, 2024, the BCUC issued Order G-189-24 approving ICBC's January 31, 2024 application for proposed changes to its Financial Allocation Methodology (FAM). These changes enhance the objectivity, transparency and efficiency of the FAM in light of the introduction of Enhanced Care and other business changes. ICBC uses the BCUC-approved FAM to allocate its revenues and costs among its Basic, Optional and Non-insurance business segments in a fair and equitable manner.
ICBC's Revenue Requirements Application
On May 9, 2024, an amendment was made to Special Direction IC2 to the British Columbia Utilities Commission, B.C. Reg. 307/2004 extending the current Policy Year by 12 months. The new deadline for ICBC to submit the next Revenue Requirements Application is by December 15, 2025. On May 23, 2024, BCUC issued Order G-147-24 in support of this amendment.
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.
