Automobile Insurance RMGT 3310

Upon successful completion, the student will be able to:

• Describe the evolution of automobile insurance in response to the changing needs of society.
• Analyze various approaches to no-fault systems of vehicle damage and identify some of the problems with earlier plans.
• Compare significance of written applications in provinces where the government is the sole provider of basic automobile insurance and in provinces were private industry provides all automobile coverages.
• Describe the operation of compulsory Autoplan third party liability coverage with respect to who is indemnified, the coverage provided and what exclusions exist.
• Identify the possible sources of indemnity for residents of British Columbia injured by an uninsured or unidentified motorist, and outline the coverage provided under Autoplan with respect to accidents caused by uninsured or unidentified motorists in British Columbia.
• Differentiate between the processes used by ICBC and private industry, to amends automobile insurance coverages/policies.
• Differentiate between an ICBC driver's policy and one issued in a province that does not have a government insurance plan.
• Compare coverages provided in each Canadian province with respect to:
• Who offers coverage,
• The basic compulsory coverages including limits,
• What additional coverages are available and from whom; and
• Compare the issue of fault between jurisdictions.

Effective as of Fall 2008