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The original purpose of ICBC was to provide universal and affordable compulsory public auto insurance in British Columbia by operating on a non-profit basis. [3] [4] However, in March 2010, Christy Clark's BC Liberal government announced that it would require ICBC to pay the province dividends totaling some $778 million over three years, thus signaling the end of ICBC's operation as a non ...
Many insurance companies will issue a claim check as a two-party check to ensure that the money from the claim is used to repair the vehicle or take care of other claim-related costs.
Daily registration commenced in 1993, with an additional decal introduced displaying the number of the day on which the month decal expired. The decals were issued by the ICBC until the requirement was removed on May 1, 2022. [18] Some decals may have been unofficially handed out by autoplan agents after May 2022.
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In June 2009, ICBC spent 80.25 million Canadian dollars (US$58.53 million) to acquire a 70% stake in the Bank of East Asia (BEA). [31] By the end of 2009, the number of credit cards issued exceeded 52 million, a 33% increase equivalent to nearly 13 million cards compared to the previous year.
The bank was renamed as ICBC (Asia) after the acquisition by ICBC in July 2001. On 30 April 2004, ICBC (Asia) acquired the retail banking business (but not the wholesale banking business) of Fortis Bank Asia HK from Fortis. Fortis Bank Asia became a wholly owned subsidiary of ICBC (Asia) and reverted to its earlier name, Belgian Bank. On 10 ...
The Illinois Secretary of State serves as the ex-officio Clerk of the Court of Claims. [3] Judges on the Court of Claims are appointed by the Governor of Illinois and confirmed by the Illinois Senate. In 1987, state legislation increased the number of judges on the Illinois Court of Claims from five judges to seven judges. [4]
The United States Court of Appeals for Veterans Claims is commonly referred to as the Veterans Court, USCAVC, or simply CAVC. The court was previously known as the United States Court of Veterans Appeals, but was changed to the current name by the Veterans Programs Enhancement Act on March 1, 1999 (Pub.L. No. 105-368). [3]