February 5, 2004 – Cycling BC has recently received a huge increase in sport injury and liability insurance costs for 2004. Find out how this will affect you and your club.

Important Notice of Membership and Licence fee increase

At the AGM, 2004 membership fees were approved subject to receiving the final insurance costs which had not been set at that time. Unfortunately, we have now had to adjust membership fees accordingly as follows:

· Road and Mountain Bike Race Licences = $100 Domestic / $120 CCA & UCI · General Insured Memberships = $70 · Technical Licences = $45 · Club Associate Members = $23.50 each · Insured One Event Entries = $30 · Out-of-country (Extended Medical Insurance) = $4.00 / day

What happens now ?

Individual members whose licence applications were received by our office prior to January 31, 2004 are not affected by this change. All other renewing members and new members will be required to submit the full fee under the revised fee schedule.

Insured Clubs will be required to submit the full $23.50 fee for each Associate Member. Clubs who have already submitted partial Associate Membership fees under the old pricing scheme will be invoiced for any outstanding balance.

Revised membership application forms and club packages are currently being mailed to 2003 members who have yet to renew for 2004, and to all member Clubs. The latest forms are also now posted in the relevant sections of www.cycling.bc.ca Investigation of Insurance Alternatives

Together with the CCA's Insurance Broker, we have attempted to find other Canadian insurance underwriters who would be interested in insuring all our Canadian individual cyclists and Clubs, but to no avail. The insurance company is also not prepared to underwrite the Liability insurance without including the Sport Injury insurance. We have investigated several inexpensive U.S. Insurance Underwriters but are concerned that they have not licensed with the Canadian Insurance Regulatory (legislation C-80), and consequently their coverage may not be valid in Canada. Additionally, we are concerned about the high cost of pursuing any claims, as they would be defended in the country or state in which the contract was initiated.

Therefore, we have concluded that from a Risk Management point of view that we must continue to insure through a licensed Canadian underwriter. Cycling BC regrets the additional costs and inconvenience that these changes will have on our members, and will continue to work with the Canadian Cycling Association's Insurance Committee in search of an improved insurance solution in 2005.