Canada: This year, ICBC customers might anticipate receiving a small payment from the auto insurance.
By the end of May, the insurance company said, its 3.6 million policyholders would start to get a $110 reimbursement.
ICBC stated in its financial report on Wednesday that the insurance company will have to pay $400 million in rebates.
According to ICBC, the reimbursement is available to all policyholders—personal and business.
ICBC said that because its capital levels are above 100%, it is able to give its clients the rebates.