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Insurance Law - Automobile insurance - Compulsory government schemes - Rights and duties of insurer

Thursday, September 15, 2016 @ 8:00 PM  

Appeal by the defendant insurers, ICBC and CDI, from a finding that the plaintiffs, Ocean Park Ford Sales (Ocean Park), SCK Motor Company (SCK) and Evans, were entitled to coverage. SCK leased a BMW from Ocean Park. The vehicle was insured by ICBC, with Ocean Park listed as lessor and SCK as lessee. CDI provided excess coverage, conditional upon there being valid compulsory insurance through ICBC. Approximately 11 months later, SCK returned the BMW to Ocean Park and arranged a sale and lease-back transaction for a...