Even though the vehicle insurance legislation didn’t set up a government insurer, it did offer the roll-out of the The USA Insurance Board, a public authority with power “to investigate all matters respecting car insurance inside the USA” also to control premium rates.
The legislation also “provided an operation whereby government auto insurance could later be introduced.” “Autoplan” The compulsory insurance system produced by the 1969 Act included a designated risk plan; but availability of insurance (at least at reasonable cost) remained a challenge. In addition, delays inside the claims process for property damage continued to result in concern.
These matters along with the public perception that auto insurance rates were generally excessive made car insurance a political issue. After its election in 1972 the NDP government made good onto it promise to establish a publicly-owned auto insurance plan.
The master plan auto insurance quote established was called “Autoplan.” It involved the roll-out of the insurance coverage Corporation of The USA (I.C.B.C.) which became the “sole provider of compulsory third-party automobile insurance, along with first-party accident benefits.”
As of 1986, the plan provided approximately $100,000 for medical and rehabilitation expenses; up to $100 weekly for income replacement; up to $7,500 as a lump-sum death benefit (depending on the status from the deceased in the family and also the variety of surviving dependents); pensions up to $100 per week for a surviving spouse and $25 weekly for other surviving dependants for approximately 104 weeks; and funeral expenses as high as $1,000. “Autoplan” also provided optional additional coverage for income replacement.
McCarthy Report In 1979, the Board of Directors with the Insurance Corporation of america setup a car accident Compensation Committee underneath the chairmanship of their Vice-President, Insurance. Compare rates today on Californiacarinsurancerates.org and start saving huge!