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DIAMOND MAX RATING GUIDE

TABLE OF CONTENTS

Page

Section 1 Policy Benefits 2

Section 2 Eligibility Criteria 3

Section 3 Basic Premium 4

Section 4 Premium Discounts 5

Section 5 Rental Benefit 6

Section 6 Minimum Premiums 6

Section 7 Policy Excess (Standard)

Shrinking Excess

7

Section 8 A. Third Party Limits of Liability

B. Optional cover for increased Limits

8

Section 9 Underwriting Requirements

Notes

9

10

Appendix A - High Performance Vehicles 11

FACT SHEET NO FAULT DISCOUNT 12

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EFFECTIVE DATE: December 1, 2016

SECTION 1: POLICY BENEFITS

1. New Vehicle Replacement - Vehicles less than a year old are replacedIf damage exceeds 60% of pre-accidentvalue

2. No Fault Discount - If Insured has not made a claim or havingmade a claim is not at fault, they keep theirdiscount

3. Rental Benefit - Up to three weeks use of a rented carfollowing an insured loss (at an additionalcost)

4. Breakage of glass (window or windscreen)without loss of No Claim Discount - Unlimited in amount,

one claim per policy year

5. Protection and Removal (Wrecker Fee) - $50,000 per event

6. Legal Defence Costs for Manslaughter - $500,000 per event

7. Medical Expenses (including passengers) - $10,000 per person, $30,000 per accident

8. Personal Accident - $250,000

9. Personal Effects - $10,000

10. Contribution to ‘Loss of Use’ - $1,500 per day, maximum 15 days perevent

11. Shrinking Excess - applicable after 3 claims free years ofinsurance with BCIC

12. Increased Limits of Liability - See Page 8, SECTION 7B

13. ASSIST - Accident Scene and BreakdownAssistance – All major thoroughfares (andadjacent areas in close proximity) islandwide

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SECTION 2: ELIGIBILITY CRITERIA

Proposer

o Proposer/Main Driver must be between 60 years and 80 years old at the time of

proposing insurance

Claims Experience

o There should be no claims made by or against the Proposer(s)/Main Driver within thelast three (3) years

Number of Vehicle

Only one (1) vehicle per Proposer unless 2nd vehicle is primarily used by qualified spouse

Use of Vehicle

The use of the vehicle to be insured must be for social, domestic and pleasure purposesand by the policyholder in person in connection with his business

Driving Experience

o Proposer/Main Driver should be driving for at least one (1) year

Driver’s Licence

o Proposer/Main Driver should hold a Full Driver’s Licence for no less than 5 years

Convictions

o There should be no motoring convictions such as dangerous and reckless driving, vehicular

manslaughter, speeding etc in the last 3 years.

High Performance Vehicles

o These are not eligible for cover under this policy (See Appendix A)

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SECTION 3: BASIC PREMIUM

COMPREHENSIVE COVER ONLYSum Insured Range Own Damage

Third Party

Standard Group1* Group2†

$300,000 to $599,999 16.60% 19.50% 19.50%

$30,

000

$600,000 to $2,499,999 4.40% 7.80% 5.60%

$2,500,000 to $7,499,9993.40%

$7,500,000 to $15,000,0002.70%

Over $15,000,000 Refer to BCIC

Group 1: Toyota – Probox, Vios, Vitz, All Corollas including Fielder, Sprinter, Axio, Runx ;Honda Fit, Nissan Tiida

Group 2: Nissan - Sunny, Toyota - Caldina, Rav 4;Honda – Civic, Accord, CR-V, Stream,Mitsubishi - Lancer, Pajero; Suzuki – Vitara , Grand Vitara

Group 1 and 2 cars can be covered at Standard rates if theft is excludedAll other motor cars qualify for Standard rates

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SECTION 4: PREMIUM DISCOUNTS

NO FAULT DISCOUNT (NFD)

If the Insured has not made a claim or having made a claim is not at fault, they keep their discount.

After: One year 10%

Two years 20%

Three years 40%

Four years 60%

NO FAULT DISCOUNT STEP-BACK

If the Insured is earning the maximum NFD, in the event of an at-fault claim, the NFD step-back willbe to Year 2 (20%). However, all earned discount up to 40% will be lost in the event of an at-faultclaim.

If you change your car insurance provider, you can bring your No Claim Discount from that insurer toBCIC and we will apply our NFD rules. If there are any pending No Fault Accidents that meet ourconditions to allow a NFD, full accident details will be required from your prior insurer and will besubject to our review and approval.

The Company reserves the right to vary the NFD Scale depending on the nature & circumstances of a claim.

OTHER DISCOUNTS

Other Policy/Vehicle 5%

GPS tracking device 10% - (Only for cars in Groups 1-2 covered againstTheft. The device must be certified each renewalby the service provider)

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SECTION 5: RENTAL BENEFIT

Period of RentalPremium Per Vehicle Size (After Discounts and Loadings)

Compact Mid-Size SUV

1 Week $3,300 $4,600 $5,6002 Weeks $6,600 S9,200 $11,2003 Weeks $9,900 $13,800 $16,800

SECTION 6: MINIMUM PREMIUMS

New Business & Renewals $32,500.00

Premium GeneratingEndorsements

$3,500

Cancellation of Cover

A policy may be terminated at any time

1. By the Insured whereby we will allow a pro-rata refund of premium for the unexpired portionof cover less 25% of this amount.

2. By BCIC upon the required notice, whereby we will allow a pro-rata refund of premium for theunexpired portion of cover.

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SECTION 7: POLICY EXCESS

The standard excess applicable for loss of or damage to the insured vehicle is five (5%) percentof the sum insured; minimum of $15,000 and maximum of $100,000.

SHRINKING EXCESS

In the event of no claim by or against the insured the excess will be reduced to the amounts shownbelow:

After 3rd renewal 3.5%After 4th renewal 2.5%

Minimum $15,000; Maximum $70,000

Conditions EXCESS

(% of Sum Insured)

Minimum

DRIVERS

under 30 years old

holding a Full Licence for less than 12months

25%

20%

$45,000

$45,000

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SECTION 8(A): THIRD PARTY LIMITS OF LIABILITY

Standard Third Party Limits

Bodily Injury - $5,000,000 any one person

$5,000,000 any one accident

Property Damage - $5,000,000 any one accident

SECTION 8(B): OPTIONAL COVER FOR INCREASED LIMITS

INCREASED THIRD PARTY LIMITS

OPTION I OPTION II

Bodily Injury - $10,000,000 any one person

$10,000,000 any one accident

Property Damage- $10,000,000 any one accident

ADDITIONAL PREMIUM - $10,000 (GROSS)*

Bodily Injury - $20,000,000 any one person

$20,000,000 any one accident

Property Damage - $20,000,000 any one accident

ADDITIONAL PREMIUM - $15,000 (GROSS)*

* before discounts and loadings

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SECTION 9: UNDERWRITING REQUIREMENTS

Driver’s Licence

Copy of current Driver’s Licence (front and reverse)

Driver’s Application Form

Completed for every individual who will reasonably be expected to drive thevehicle.

Vehicle Valuation

Valuation only upon request from a BCIC approved motor vehicle Valuator oralternately Pro Forma Invoice from Dealer for new vehicles

Proposal Form

Completed and signed Proposal Form (all questions must be answered)

Note: If the occupation of the Proposer or any Driver is described as“unemployed, self-employed, business person or civil servant”, full details oftheir current (or previous for retired/unemployed persons) trade or professionmust be stated.

Client Information Form

Completed and signed Proceeds of Crime Act (POCA) Client Information Form (allquestions must be answered)

Proof of Address

Copy of utility bill or post marked envelope addressed to the proposed insured asproof of residential address.

TRN

Taxpayer’s Registration Number (TRN)

Medical Report

BCIC’s Medical Report Form must be completed by a Doctor for drivers 80 yearsof age or older

Vehicle Documents Vehicle Registration Certificate

Certificate of Fitness

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NOTES Main Driver

o The person (insured or other) who is in charge of the vehicle most often, whichmeans they are the person who makes the most journeys as the car’s driver.

Age of Vehicle

o Vehicles up to 20 years old are acceptable as New Business

Type of Vehicle

o High performance cars are not eligible for cover under this policy (See Appendix A)

Valuation Waiver

o In instances where a waiver for valuation is requested, the Insured will be required to sign a

Waiver of Valuation Declaration

Vehicle Value

o All vehicles must be insured for their full market value.

o Values based on Duty Concessions or Forced Sale are not acceptable.

Physical Disabilities

o refer before granting cover

Specially adapted vehicles

o refer before granting cover

Driver’s Licence

o Persons holding a Foreign Driver’s Licence are allowed to drive in Jamaica with that

Licence for a period not exceeding six (6) months. Thereafter they must apply for a

Jamaican Driver’s Licence.

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APPENDIX A

HIGH PERFORMANCE VEHICLES

APPENDIX B

REFERRALS (Accommodation only)

Toyota LiteAce

Toyota TownAce

Toyota Noah

Vehicles on this list must be referred before any quotation is given.

HIGH PERFORMANCE (50% Loading)Make Model Make ModelAcura NSX Mazda RX7

Audi R8 Mercedes-Benz

CLA/ CLK/ CLS/ CLS 63/ CLS 500/ CLS550/ CS 55 AMG/ E63 AMG/ ML63AMG/ S550/ S600/ SL/ SLK

BMW All M SeriesMitsubishi Evolution (1 through 10)

Chevrolet Corvette Nissan Skyline GT-R Turbo

DodgeViper Subaru

Impreza WRX STI/ Impreza WRXTurbo/ Legacy Turbo/ Liberty Turbo/BRZ

Lexus FLA Toyota

86/Celica Turbo/ MR2 Turbo/Levin/Trueno Supercharger/ Starlet GTTurbo/ Supra Twin Turbo

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FACT SHEET

NO FAULT DISCOUNT

What is a No Fault Discount (NFD)?

A No Fault Discount (NFD) is a discount that the Insured earns if he does not make an at-fault claimon his car insurance policy.

If no at-fault claim is made under the policy, the No Fault Discount will be increased at renewal as perthe No Fault Discount Scale on Page 5.

How will the NFD be affected if a claim is made under the policy?

If an event occurs that we anticipate might give rise to a claim under the policy in Years 1, 2 or 3, theNFD will be removed. However, if the Insured is earning the maximum NFD, the Discount will bereduced to Year 2 Discount.

Are there any events that will not affect the NFD?

Typically, any Discount earned will be reduced or removed if a claim is made under the policy.

At BCIC the NFD will NOT be removed or reduced in the following situations unless there is clearevidence that the Insured is in fact at fault:

Rear End Collision: Where the car is struck flush in the rear by another vehicle.

Parked Vehicle Collision: Where the vehicle is struck by another vehicle while it is lawfullyand safely parked on the roadway.

Major/Minor Road Intersection Collision: Where the vehicle is lawfully travelling on themajor road in its proper lane and is struck by another vehicle exiting the minor road.

Where loss or damage to the vehicle is as a result of Theft, attempted theft, Fire, Flood oran Act of God, and did not result from any recklessness on the part of the Insured.