LETTER NO. L‐55‐09 SIXTH FLOOR, 900 HOWE STREET, BOX 250 ERICA M. HAMILTON VANCOUVER, B.C. CANADA V6Z 2N3 COMMISSION SECRETARY TELEPHONE: (604) 660‐4700 Commission.Secretary@bcuc.com BC TOLL FREE: 1‐800‐663‐1385 web site: http://www.bcuc.com FACSIMILE: (604) 660‐1102 Log No. 30076 VIA E‐MAIL regaffairs@icbc.com june.elder@icbc.com August 5, 2009 Ms. June Elder Manager, Regulatory Affairs Insurance Corporation of British Columbia 339 ‐ 151 W Esplanade North Vancouver, BC V7M 3H9 Dear Ms. Elder: Re: Insurance Corporation of British Columbia (“ICBC”) Basic Insurance Year 2 Rate Design Adjustments to Base Rates By letter to the British Columbia Utilities Commission (the “Commission”), dated May 1, 2009, ICBC proposed to forego the second year of basic insurance rate adjustments (the “Year 2 Adjustments”) expected under the implementation plan approved by the 2007 ICBC Rate Design Decision. The Commission considered that proposal, and responded with letter L‐39‐09, dated June 11, 2009, directing that ICBC should in fact proceed with the Year 2 Adjustments. Pursuant to Letter L‐39‐09, ICBC submitted its proposed Year 2 Adjustments to the Basic Insurance Tariff in a July 17, 2009 letter to the Commission. The Commission approves the proposed Year 2 Adjustments, as described in the ICBC letter of July 17, 2009, for effect on October 1, 2009. Yours truly, Original signed by: Erica M. Hamilton TR/dg cc: Mr. Donnie Wing, CA Senior Vice President, Insurance, Marketing and Underwriting Insurance Corporation of British Columbia (Via Email: donnie.wing@icbc.com) ICBC/Cor/L‐55‐09_ICBC Year2 Update
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