Although the automobile insurance legislation did not set up a government insurer, it did offer the creation of the The USA Insurance Board, a public authority with power "to investigate all matters respecting auto insurance in The USA" and also to control premium rates.
The legislation also "provided a process through which government car insurance could later be introduced." "Autoplan" The compulsory insurance system developed by the 1969 Act included an assigned risk plan; but accessibility to insurance (no less than at reasonable price) remained an issue. In addition, delays inside the claims process for damage to property continued to result in concern.
These matters together with the public perception that automobile insurance rates were generally excessive made automobile insurance a political issue. After its election in 1972 the NDP government made good onto it promise to determine a publicly-owned automobile insurance plan.
The plan compare auto insurance established was called "Autoplan." It involved the roll-out of the Insurance Corporation of america (I.C.B.C.) which had become the "sole provider of compulsory third-party automobile insurance, along with first-party accident benefits."
As of 1986, the plan provided as much as $100,000 for medical and rehabilitation expenses; up to $100 each week for income replacement; approximately $7,500 as a lump-sum death benefit (with respect to the status with the deceased in the family and the variety of surviving dependents); pensions of up to $100 each week for any surviving spouse and $25 per week for other surviving dependants for up to 104 weeks; and funeral expenses of up to $1,000. "Autoplan" also provided optional additional coverage for income replacement.
McCarthy Report In 1979, the Board of Directors from the Insurance Corporation of america set up an Automobile Accident Compensation Committee under the chairmanship of its Vice-President, Insurance. Compare rates today on Californiacarinsurancerates.org and start saving huge!