ORDERS ISSUED BY THE BOARD DURING 2008
UNDER
THE AUTOMOBILE INSURANCE ACT
CHAPTER - 22, 1990
Canadian Union Insurance Company A.I. 1
(2008)
Application:
For approval to implement revised rates for its Private Passenger class
of business.
Decision:
1. The revised rate proposal received by the Board on January 22, 2008 is approved with base rates as stated in order.
2.
The base rates for each type of
coverage shall be effective for new business no sooner than March 17, 2008 and
no sooner than May 19, 2008 for renewal business.
3.
The proposed discount program is
approved.
4.
The Applicant shall pay all the
expenses of the Board arising from this filing.
Date Issued:
February 14, 2008
Security National Insurance Company A.I. 2
(2008)
Application:
For approval to implement revised rates for differentials for collision,
comprehensive and specified perils coverage for all terrain vehicles with values
in excess of $15,000.00
Decision:
1.
The application is approved as
submitted, to be effective June 10, 2008 for new business and July 10, 2008 for
renewals.
Date Issued:
February 14, 2008
Primmum Insurance Company A.I. 3
(2008)
Application:
For approval to implement revised rates for differentials for collision,
comprehensive and specified perils coverage for all terrain vehicles with
values in excess of $15,000.00
Decision:
1.
The application is approved as
submitted, to be effective June 10, 2008 for new business and July 10, 2008 for
renewals
Date Issued:
February 14, 2008
TD Home and Auto Insurance Company A.I. 4
(2008)
Application:
For approval to implement revised rates for differentials for collision,
comprehensive and specified perils coverage for all terrain vehicles with values
in excess of $15,000.00
Decision:
1.
The application is approved as
submitted, to be effective June 10, 2008 for new business and July 10, 2008 for
renewals
Date Issued:
February 14, 2008
S & Y Insurance Company A.I. 5
(2008)
Application:
For approval to implement revised rates for its Private Passenger class
of business.
Decision:
1. The revised rate proposal received by the Board on February 21, 2008 is approved with base rates as stated in order.
2.
The base rates for each type of
coverage shall be effective for new business no sooner than July 1, 2008 and no
sooner than August 1, 2008 for renewal business.
3.
The proposed discount program is
approved.
4.
The Applicant shall pay all the expenses
of the Board arising from this filing.
Date Issued:
February 28, 2008
Scottish and York Insurance Company A.I. 6
(2008)
Application:
For approval to implement revised rates for its Private Passenger class
of business.
Decision:
1. The revised rate proposal received by the Board on February 21, 2008 is approved with base rates as stated in order.
2.
The base rates for each type of
coverage shall be effective for new business no sooner than July 1, 2008 and no
sooner than August 1, 2008 for renewal business.
3.
The proposed discount program is
approved.
4.
The Applicant shall pay all the
expenses of the Board arising from this filing.
Date Issued:
February 28, 2008
Sovereign General Insurance Company
(The) A.I. 7
(2008)
Application:
For approval of rates for increased third party liability limits and
S.E.F. 44 coverage.
Decision:
1.
With effect from March 12, 2008:
The application of Sovereign General Insurance Company for increased
limits for third party liability and S.E.F. 44 rates is approved.
Date Issued:
March 12, 2008
Portage Mutual Insurance Company A.I. 8
(2008)
Application:
For approval of an optional Accident Waiver Program for private
passenger automobile insurance.
Decision:
The rate for the Accident Waiver Program is approved at $30 per vehicle.
Date Issued:
March 12, 2008
The Dominion of Canada General
Insurance Company A.I. 9
(2008)
Application:
For approval to implement revised rates for its Private Passenger class
of business.
Decision:
1.
The rate proposal by The Dominion
of Canada General Insurance Company received by the Board on February 29, 2008
is approved with base rates as stated in order and differentials as submitted
with this filing.
2.
The base rates for each type of
coverage shall be effective for new business no sooner than May 1, 2008 and no
sooner than July 1, 2008 for renewal business.
3.
The implementation of the 2007
CLEAR rate group tables issued by VICC is approved.
4.
The proposed discount program is
approved.
5.
Dominion shall pay all the
expenses of the Board arising from this filing.
Date Issued:
April 10, 2008
Sovereign General Insurance Company A.I. 10
(2008)
Application:
To adopt the rates and rating program of Canadian Union for its private
passenger class of business
Decision:
1.
The application by The Sovereign
General Insurance Company to utilize the private-passenger rating program of
Canadian Union Insurance Company is approved with effect from July 7, 2008.
2.
The Sovereign General Insurance
Company shall annually, commencing no later than March 30, 2009 and continuing
thereafter until otherwise ordered by the Board, report to the Board the
numbers of private passenger automobiles written and the premiums associated
therewith.
Date Issued:
May 15, 2008
Axa Insurance
(Canada) A.I. 11 (2008)
Application:
To adopt the rates and rating program of Axa General
for its private passenger class of business
Decision:
1.
The application by Axa Insurance
(Canada) to utilize the private-passenger rating program of Axa General
Insurance Company is approved with effect from May 15, 2008.
2.
Axa Insurance (Canada) shall
annually, commencing no later than March 30, 2009 and continuing thereafter
until otherwise ordered by the Board, report to the Board the numbers of
private passenger automobiles written and the premiums associated therewith.
Date Issued:
May 15, 2008
Traders
General Insurance Company A.I. 12 (2008)
Application:
For approval to implement revised rates for its
Private Passenger class of business.
Decision:
1.
The rate proposal received by the
Board on May 12, 2008 is approved with base rates as stated in the order and
the differentials submitted with the February 2008 filing.
2.
The base rates for each type of
coverage shall be effective for new business no sooner than July 1, 2008 and no
sooner than August 1, 2008 for renewal business.
3.
The proposed discount program is
approved.
4.
The Applicant shall pay all the
expenses of the Board arising from this filing.
Date Issued:
May 26, 2008
Federation
Insurance Company of Canada A.I. 13 (2008)
Application:
For approval to implement revised rates for its
Private Passenger class of business (dated January 8, 2008 and as amended April
25, 2008.
Decision:
1.
The proposed rates are
prohibited.
2.
Federation’s Bodily Injury loss
development factors are rejected.
3.
Federation’s proposed future
trend rate for Accident Benefits is rejected.
4.
Federation shall file with the
Board revised rate indications using the traditional incurred reported
development method to derive its Bodily Injury loss development factors, as
well as an Accident Benefits future loss trend rate of +1%.
5.
Federation shall submit for the
approval of the Board a revised rate filing with proposed rates which are no
higher than the rate indications revised in accordance with this Order, setting
out proposed effective dates.
6.
Federation may adjust the
proposed rates to reflect the proposed effective dates in the trend period.
7.
The proposed discount program is
approved.
8.
The proposed surcharge program is
approved.
9.
The updated CLEAR rate group
tables are accepted.
10.
The proposed changes to driving
record progression for at fault accidents are accepted.
11.
Federation shall pay all the
expenses of the Board arising from this filing.
Date Issued:
July 15, 2008
Federation
Insurance Company of Canada A.I. 14 (2008)
Application:
For approval to implement revised rates for its
Private Passenger class of business (dated July 18, 2008).
Decision:
The revised rate proposal received by the Board on
July 18, 2008 is approved with base rates as specified in order.
Date Issued:
July 18, 2008
Security
National Insurance Company A.I. 15
(2008)
Application:
For approval of an optional Accident Forgiveness
Endorsement for its Private Passenger class of business.
Decision:
The proposed Accident Forgiveness Endorsement is
approved to be effective no sooner than September 15, 2008 for New Business and
November 15, 2008 for Renewals.
Date Issued:
July 25, 2008
Primmum
Insurance Company A.I. 16
(2008)
Application:
For approval of an optional Accident Forgiveness
Endorsement for its Private Passenger class of business.
Decision:
The proposed Accident Forgiveness Endorsement is
approved to be effective no sooner than September 15, 2008 for New Business and
November 15, 2008 for Renewals.
Date Issued:
July 25, 2008
TD Home and
Auto Insurance Company A.I. 17 (2008)
Application:
For approval of an optional Accident Forgiveness
Endorsement for its Private Passenger class of business
Decision:
The proposed Accident Forgiveness Endorsement is
approved to be effective no sooner than September 15, 2008 for New Business and
November 15, 2008 for Renewals.
Date Issued:
July 25, 2008
Portage la Prairie Mutual Insurance Company A.I. 18 (2008)
Application:
For approval to implement S.E.F. 20 and S.E.F. 43 (R or L) coverages for
light commercial vehicle classifications.
Decision:
The proposed S.E.F 20 and S.E.F. 43 (R or L) endorsements for light
commercial vehicles is approved to be effective no sooner than September 1,
2008 for new business and renewals.
Date Issued:
August 18, 2008
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