ICBC customers can expect a little cash from the auto insurer this year.
The insurance corporation says its 3.6 million policyholders will begin to receive a $110 rebate at the end of May.
In its financial update Wednesday, ICBC said the rebates will cost the insurance provider $400 million.
ICBC says all commercial and personal policyholders are eligible to receive the rebate.
ICBC explains it’s able to pass along the rebates to its customers due to its capital levels sitting over 100 per cent.
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More to come.