ICBC says all 2.8 million rebate checks are mailed months after announcement



(The Canadian Press Files)

ICBC says all 2.8 million rebate checks are mailed months after announcement

One-time checks will be $110 for most people and $165 for commercial drivers.




If you haven’t received your ICBC rebate check, you’re not alone. But don’t worry – ICBC says it’s in the mail.

In a statement to Black Press Media, the insurance company said the 2.8 million rebate checks were sent to Canada Post for delivery. ICBC has already issued 25,000 rebates to customers who signed up for direct deposit and issued all credit card rebates to 573,000 eligible customers.

No money comes in the form of an SMS or an email. If you receive an SMS claiming to be your ICBC discount, it’s a scam.

The checks were announced in late March as a way to combat rising gasoline prices. Most drivers will receive $110 while commercial drivers can receive up to $165.

ICBC says the discount cost a total of $396 million and was only possible because of his “strong financial position.” The insurance company had net revenues of $1.9 billion in the last fiscal year. But don’t expect more of that money to be released. ICBC says no future discounts are planned.

“We will use our strong financial position to replenish our previously depleted capital reserves to ensure British Columbians have a financially stable auto insurance system – and insurance rates – for years to come.”

ICBC will release its results for the 2021-22 fiscal year later this month.


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