Terms | Definitions |
|---|---|
 What is a major difference between a Crown corporation and a private insurer? | crown corporations are government operated and are the sole providers of certain basic coverages within the province of operation. |
| How does the main objective of a Crown corporation compare to that of a private insurer in Alberta? | the main objective is the same in that they both aim to protect automobile owners and drivers as well as innocent third parties against losses arising from auto accidents. |
| What is an extension policy? | it is when additional coverages, including higher limits and lower deductibles, may be purchased from the government insurer or from private insurers. |
| What legislation usually governs automobile insurance in a given province? | provincial insurance acts and motor vehicle acts. |
| What provides the evidence of automobile insurance in those provinces having government plans? | vehicle registration normally serves as evidence of automobile insurance. |
| Why would an insured purchase extension insurance? | to increase limits or reduce deductibles. |
| How is extension/optional insurance provided in each of Saskatchewan, Manitoba and British Columbia? | they can be purchased through SGI Canada called an autopak or through private insurers by means of extension policies. |
| Which province introduced the first government automobile insurance plan? | Saskatchewan was the first province to develop a government insurance plan when the Automobile Accident Insurance Act was introduced in 1946. |
| When is the premium paid? | An insurance premium is payable on every motor vehicle licence at the time the licence plate is purchased. |
| What is the compulsory automobile insurance plan called in BC, Sask and Manitoba? | BC - autoplan Sask - Auto Fund Manitoba - Autopac |
| What are the basic mandatory coverages in BC, Sask and Manitoba? | BC - third party liability, accident benefits, uninsured motorist Sask - third party liability, personal injury, comprehensive Manitoba - third party liability, personal injury, all perils |
| What limitations or requirements are there on the right to sue a third party motorist for expenses arising out of injuries suffered in an automobile accident? | BC - lawsuits are permitted but all coverage must be exhausted first under accident benefits Sask - if they had tort option of personal injury benefits, then they could sue for damages Manitoba - can sue person outside of province or vehicles not covered under Autopac e.g. snowmobile |
| What is the Personal Injury Protection Plan (PIPP)? | it is no-fault personal injury benefits plan now referred to as the No-Fault Plan, came into effect on January 1, 1995. it provides substantial limits on personal injury benefits. |
| What is the difference in function between SGI and SGI CANADA? | SGI Canada is the competitive arm of SGI selling property and casualty insurance products from private insurers where as SGI (Sask Gov Insurance) is the crown agency. |
| What does comprehensive coverage include? | Comprehensive insurance includes collision and upset, thus making it similar to All Perils coverage under a Standard Automobile Policy. |
| What is licence plate insurance? | An insurance premium is payable on every motor vehicle licence at the time the licence plate is purchased. |
| What is the difference between the no-fault Accident Benefits and the tort Accident Benefits? | The tort option provides a lower level of defined benefits regardless of fault, |
| When do the tort Accident Benefits apply? | provides access to the courts for actual financial losses above the level of defined benefits (economic losses) and for non-economic losses, including pain and suffering. |
| What is the Personal Injury Protection Plan (PIPP)? | In March 1994, Manitoba implemented a no-fault system of automobile insurance called the Personal Injury Protection Plan (PIPP). |
| What is MPI, and what is its mandate? | Manitoba Public Insurance (MPI) is a Crown agency and its mandate is to provide basic compulsory coverage. |
| Is it possible to increase limits under the PIPP? Why? | Extension insurance to increase limits or reduce deductibles may be purchased from autopac or private insurers. |
| What is ICBC, and what is its mandate? | the Insurance Corporation of British Columbia (ICBC or Corporation) is the sole provider of the mandated basic automobile insurance coverage known as basic Autoplan. |
| The liability of vehicle owners or operators is based upon what in British Columbia? | liability of vehicle owners or operators to their passengers is based on ordinary negligence - whether the passenger is carried for compensation or gratuitously. |
| How does a vehicle owner in British Columbia insure the vehicle against physical damage? | Optional insurance to increase limits, cover physical damage to the vehicle, or cover additional perils and exposures may be purchased from Autoplan or from private insurers. |
| What serves as proof of insurance in British Columbia? | Vehicle owners are charged a basic premium when they register their vehicle. |
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