Although the auto insurance legislation failed to set up a government insurer, it did provide for the creation of the The USA Insurance Board, a public authority with power “to investigate all matters respecting automobile insurance inside the USA” and also to control premium rates.
The legislation also “provided an operation whereby government automobile insurance could later be introduced.” “Autoplan” The compulsory insurance system created by the 1969 Act included a designated risk plan; but option of insurance (a minimum of at reasonable price) remained a problem. In addition, delays inside the claims process for damage to property continued to result in concern.
These matters together with the public perception that automobile insurance rates were generally excessive made auto insurance a political issue. After its election in 1972 the NDP government made good onto it promise to establish a publicly-owned automobile insurance plan.
The plan auto insurance quote established was called “Autoplan.” It involved the creation of the Insurance Corporation of The USA (I.C.B.C.) which took over as “sole provider of compulsory third-party automobile liability insurance, as well as first-party accident benefits.”
As of 1986, the plan provided up to $100,000 for medical and rehabilitation expenses; up to $100 weekly for income replacement; approximately $7,500 as a lump-sum death benefit (based on the status with the deceased in the household as well as the variety of surviving dependents); pensions of up to $100 each week for a surviving spouse and $25 each week for other surviving dependants for about 104 weeks; and funeral expenses up to $1,000. “Autoplan” also provided optional additional coverage for income replacement.
McCarthy Report In 1979, the Board of Directors with the Insurance Corporation of The USA set up an Automobile Accident Compensation Committee underneath the chairmanship of the Vice-President, Insurance. Compare rates today on Californiacarinsurancerates.org and start saving huge!