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The Insurance Corporation of British Columbia abbreviated as ICBC is an universal auto insurance provider based in Canada. The organization was established in 1973 by the The New Democratic Party of British Columbia and was engaged in providing universal public auto insurance services at its initial stage. With the progression of time, the Insurance Corporation of British Columbia (ICBC) expanded its area of operations and started providing driver licensing and vehicle registration services to the people of British Columbia. The organization offers its services under a basic coverage program, called "Autoplan which includes under-insured motorist protection, protection from third party legal liability, hit-and-run protection, accident benefits, and inverse liability services. It also helps to maintain the transportation system of the state and offers various services such as drivers permit, vehicle registration, driver licenses, and many other to serve a large number of individuals across the nation. It is a provincial crown corporation and is administered by a Board of Directors appointed as per the provisions of the Insurance Corporation Act. The rates of the basic automobile insurance coverage provided by the Insurance Corporation of British Columbia (ICBC) are decided by the British Columbia Utilities Commission. The organization is committed to provide the best coverage at the lowest possible Price to serve its numerous customers. The controlling office of the Insurance Corporation of British Columbia (ICBC) is situated at North Vancouver (city), British Columbia, in the province of Canada. The organization had a total assets of nearly 13,142 million Canadian Dollar's in 2010 session.