In MOLDOVAN v. ICBC, 2010 BCSC 1778 (“MOLDOVAN”), a judgment released on December 10, 2010, the Court found that a foreign insurer which had purportedly stepped into the shoes of ICBC through a Power of Attorney and Undertaking (“PAU”) could not rely on the two-year limitation period in s. 103 of the Insurance (Vehicle) Regulation, B.C. Regulation 447/83 to deny an action for no-fault coverage under Part 7 of the regulations.