On December 19, 2012, the British Columbia Legislature brought
into force various housekeeping revisions to the Insurance
Act Regulation.
The revised regulation corrects internal references to various
sections of the Insurance Act.
The revised regulations also include a new class of insurance
exempted from the applicability of the statutory conditions.
Under the revised regulation the statutory conditions will not be
applicable to "crop and farm income insurance", which is
defined as insurance issued under the Insurance for Crops
Act or Farm Income Insurance Act.
Most importantly, the revised regulation amends the wording of
the notification of limitation period provisions. The first
regulation issued was somewhat unclear as to when insurers were to
give written notice to claimants of the applicable statutory
limitation period. The revised regulation eliminates any
uncertainty and the applicable section now reads:
