THE ASSURANCE FUND IN BRITISH COLUMBIA

Abstract

In light of certain prevalent misconceptions on the topic, the purpose of this article is to discuss the liability of the assurance fund created under the British Columbia Land Registry Act. The misconceptions are twofold: that the fund acts as an indemnity against the registrar’s mistakes or omissions, and that all such mistakes and omissions are indemnified. The author believes these misconceptions are a result of misinterpretation of the statute, especially Part XIV, which is examined closely. The true purpose of the statute, compensation for loss due to adoption of the statute, is emphasized.