ICBC Clause Samples
The ICBC clause typically refers to provisions related to the Insurance Corporation of British Columbia, often in the context of insurance policies or agreements involving vehicles in British Columbia. This clause outlines the requirements for maintaining valid ICBC insurance coverage, specifies the responsibilities of the parties regarding reporting incidents or claims, and may detail procedures for handling disputes or changes in coverage. By clearly defining these obligations, the clause ensures compliance with provincial insurance laws and helps prevent misunderstandings or lapses in required coverage.
ICBC. ICBC represents and warrants that:
(a) We are a legal entity organized and validly existing under the laws of British Columbia;
(b) We have the power and capacity to enter into this Agreement and to observe, perform and comply with the terms of this Agreement; and
(c) We have taken all necessary action to authorize this Agreement. All representations and warranties made by ICBC under this Agreement are material and will be considered to have been relied upon by You, regardless of any investigation by You before or after the Effective Date.