1997 - 1998 Summary of Board Orders: Under The Automobile Insurance Act

SUMMARY OF ORDERS OF THE BOARD ISSUED DURING 1997-1998 UNDER THE AUTOMOBILE INSURANCE ACT CHAPTER - 22, 1990
Order No.	Name of Applicant	Application	Decision
A.I. 1	Liberty Mutual Group on behalf of Liberty Mutual Insurance Company and Liberty Insurance Company of Canada	Application to implement revised rates for all-terrain vehicles and snowmobiles	Approval granted as a result of a meeting of the Board.
A.I. 2	Canadian General Insurance Company	Application to apply its previously-approved 7.5% renewal discount to business previously underwritten by Cabot Insurance Company & now being renewed by Canadian General	Approval granted as a result of a meeting of the Board.
A.I. 3	Canadian General Insurance Company	Application to implement revised rates for its private passenger class of business.	After review of the filing, the report of the Board's actuary, and subsequent requested information, approval was granted. Specific requirements that are necessary for any future rate filings were outlined.
A. I. 4	On the Board's Own Initiative	Hearing into matters relating to the Proposed Newfoundland and Labrador Automobile Insurance Benchmark Ranges for 1997.	Approval granted, inter alia, for (1) a just and reasonable target return on equity for the purpose of setting the Automobile Insurance Benchmarks is set at 11.25%; (2) the average rate of return on investment is set at 8.75% for the purpose of setting the 1997 Benchmark Rate Ranges, as a result of a Public Hearing.
A. I. 5	Lombard Canada on behalf of Lombard General Insurance Company, Lombard Insurance Company, Niagara Fire Insurance Company, The Continental Insurance Company, Continental Casualty Company and Tokio Marine and Fire Insurance Company Limited	Application to implement revised rates for their interurban and commercial classes of business	Approval was granted as a result of a meeting of the Board, and in accordance with Annual Filing Instructions, Lombard Canada is required to submit a further rate filing during 1997 for rates to be charged by them during 1998 for this class of business.
A.I. 6	Axa Canada on behalf of the Insurance Corporation of Newfoundland Ltd.	Application to implement revised rates for its private passenger class of business	Approval was not granted. Future filings to be supported by ICON NF-only loss experience and development factors, trend rates and profit factors-where possible. If not possible, reasonable justification required for use of alternate data
A.I. 7	Axa Canada	Application to implement revised rates for its private passenger class of business	Approval was granted as a result of a meeting of the Board. In future filings, Axa Canada shall use its own NF-only loss development factors, profit-margin indications, & its own loss-cost trends; alternatively, where Axa has chosen not to use its own information, it shall provide same to the Board for comparison. Axa shall submit a further rate filing during 1997 for rates to be used in 1998 based on the Board's '97 Benchmark Report.
A.I. 8	Travelers Casualty and Surety Company of Canada	Application for approval to adopt the IAO-rating program for commercial vehicles	Approval granted as a result of a meeting of the Board
A.I. 9	Allianz Canada on behalf of Trafalgar Insurance Company of Canada	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 10	Allianz Canada on behalf of Allianz Insurance Company of Canada	Application to implement revised rates for its private passenger and commercial classes of business	Approval granted as a result of a meeting of the Board
A.I. 11	Lumbermens Mutual Casualty Company	Application to implement revised rates for its commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 12	The Dominion of Canada General Insurance Company	Application to implement revised rates for its commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 13	Unifund Assurance Company	Application to implement a "S"elect Discount of 6% applicable to its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 14	Co-operators General Insurance Company	Application to implement revised rates for its motor-home class of business	Approval granted as a result of a meeting of the Board
A.I. 15	Axa Canada on behalf of Insurance Corporation of Newfoundland	Application to implement revised rates for its commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 16	Cigna Insurance Company of Canada	Application to adopt the Insurers' Advisory Organization's rating programs for private passenger and commercial vehicles	Approval granted as a result of a meeting of the Board
A.I. 17	The Sovereign General Insurance Company	Application to implement rates for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 18	Zurich Canada on behalf of Zurich Indemnity Company	Application to implement revised rates for its commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 19	Zurich Canada on behalf of Zurich Insurance Company	Application to implement revised rates for its private passenger and commercial classes of business	Approval granted as a result of a meeting of the Board
A.I. 20	Atlantic Insurance Company Limited	Application to implement revised rates for its private passenger and commercial classes of business	Approval granted as a result of a meeting of the Board
A.I. 21	Axa Canada on behalf of Axa Pacific Insurance Company	Application to implement revised rates for its private passenger and commercial classes of business	Approval granted as a result of a meeting of the Board
A.I. 22	Coopers & Lybrand on behalf of Colonial Fire & General Insurance Company Limited	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 23	Lombard Canada Ltd. on behalf of Lombard Insurance Company, Lombard General Insurance Company of Canada, Niagara Fire Insurance Company, The Continental Insurance Company, Continental Casualty Company, & The Tokio Marine & Fire Insurance Company Limited	Application to implement revised rates for their commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 24	Guardian Insurance Company of Canada	Application to implement revised rates for its commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 25	Axa Insurance (Canada)	Application to implement revised rates for its commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 26	Royal Canada on behalf of Royal Insurance Company of Canada and Quebec Assurance Company	Application to implement revised rates for their commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 27	The Sovereign General Insurance Company	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 28	The Sovereign General Insurance Company	Application to implement revised rates for its commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 29	The Federation Insurance Company of Canada	Application to implement revised rates for its private passenger and commercial classes of business.	Approval granted, as requested, as a result of a meeting of the Board.
A.I. 30	Non-Marine Underwriters at Lloyd's	Application to implement revised rates for its commercial class of business.	Approval granted, as requested, as a result of a meeting of the Board.
A. I.31	Coopers & Lybrand on behalf of Coseco Insurance Company	Application to implement revised rating program for its private passenger class of business.	Approval granted, as requested, as a result of a meeting of the Board.
A.I. 32	Liberty Mutual Insurance Company and Liberty Insurance Company of Canada	Application to implement revised rates for their private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 33	Zurich Indemnity Company of Canada	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 34	Zurich Canada on behalf of Zurich Insurance Company	Variance to A.I. 19 (1997-98), to correct an error in the More- Vehicles-than- Operators' discount that had been listed in error	Approval granted as a result of a meeting of the Board
A.I. 35	Security National Insurance Company	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 36	Canada Life Casualty Insurance Company	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 37	On the Board's own Initiative	In the matter of a review of the automobile insurance rates of Gan Canada Insurance Company and Gan General Insurance Company	To implement rates as set out by the Board for on, and after January 1, 1998 for new business, and April 1, 1998 for renewals; requiring filing of revised rate pages by January 1, 1998, and rates not to be varied with the prior approval of the Board.
A.I. 38	The Personal Insurance Company of Canada	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 39	Non-Marine Underwriters at Lloyd's	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 40	Unifund Assurance Company	Application to implement revised rates for private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 41	On the Board's own Initiative	In the matter of a review of the automobile insurance rates of Sentry Insurance, A Mutual Company	To implement rates as set out by the Board for on, and after January 1, 1998 for new business, and April 1, 1998 for renewals; requiring filing of revised rate pages by January 1, 1998, and rates not to be varied with the prior approval of the Board.
A.I. 42	On the Board's own Initiative	In the matter of a review of the automobile insurance rates of Markel Insurance Company of Canada	To implement rates as set out by the Board for on, and after January 1, 1998 for new business, and April 1, 1998 for renewals; requiring filing of revised rate pages by January 1, 1998, and rates not to be varied with the prior approval of the Board.
A.I. 43	On the Board's own Initiative	In the matter of a review of the automobile insurance rates of General Accident Assurance Company of Canada	To implement rates as set out by the Board for on, and after January 1, 1998 for new business, and April 1, 1998 for renewals; requiring filing of revised rate pages by January 1, 1998, and rates not to be varied with the prior approval of the Board.
A I. 44	On the Board's own Initiative	In the matter of a review of the automobile insurance rates of Commercial Union Assurance Company	To implement rates as set out by the Board for on, and after January 1, 1998 for new business, and April 1, 1998 for renewals; requiring filing of revised rate pages by January 1, 1998, and rates not to be varied with the prior approval of the Board.
A.I. 45	On the Board's own Initiative	In the matter of a review of the automobile insurance rates of Canadian Surety Company	To implement rates as set out by the Board for on, and after January 1, 1998 for new business, and April 1, 1998 for renewals; requiring filing of revised rate pages by January 1, 1998, & rates not to be varied with the prior approval of the Board.
A.I. 46	On the Board's own Initiative	In the matter of a review of the automobile insurance rates of American Home Assurance Company	To implement rates as set out by the Board for on, and after January 1, 1998 for new business, and April 1, 1998 for renewals; requiring filing of revised rate pages by January 1, 1998, & rates not to be varied with the prior approval of the Board.
A.I. 47	On the Board's own Initiative	In the matter of a review of the automobile insurance rates of Scottish & York Insurance Company	To implement rates as set out by the Board for on, and after January 1, 1998 for new business, and April 1, 1998 for renewals; requiring filing of revised rate pages by January 1, 1998, & rates not to be varied with the prior approval of the Board.
A.I. 48	Axa Canada	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board.
A.I. 49	Traders General Insurance Company	Application to implement a revised rating program for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 50	Canadian General Insurance Company	Application to implement a revised rating program for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 51	Co-operators General Insurance Company	Application for approval of a revised rating program for its private passenger class of business	Approval was granted, excluding the proposed "Safe Driving Reward Program" as a result of a meeting of the Board
A.I. 52	Co-operators General Insurance Company	Application for approval of a revised rating program for its commercial class of business	Approval was granted as a result of a meeting of the Board
A.I.53	Axa Canada on behalf of Insurance Corporation of Newfoundland (ICON)	Application for approval of a revised rating program for its private passenger class of business	*As a result of a meeting of the Board, approval was granted, excepting the proposed "Class 01" designation, in place of which, a short-commute discount has been allowed,**
A.I. 54	Guardian Insurance Company of Canada	Application for approval of a revised rating program for its private passenger class of business	Approval was granted as a result of a meeting of the Board

A.I. 55	General Accident Assurance Company of Canada	Advising of its agreement to acquire 100% share capital of Canadian General Insurance Group Limited, application to adopt the rating programs recently-approved for Canadian General Insurance Company	Approval granted as a result of a meeting of the Board
A.I. 56	Unifund Assurance Company	In the matter of A.I. 40 (1997-98) ( private passenger rating program recently approved), and additional information received on the company's proposed 5% new-driver surcharge	Approval was granted for the 5% new-driver surcharge in conjunction with the recently-approved rate filing for 1998
A.I. 57	The Personal Insurance Company of Canada	Application to implement revised rates for its private passenger class of business	Approval granted as a result of a meeting of the Board.
A.I. 58	Canadian Group Underwriters Insurance Company	Application for approval of a revised rating program for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 59	Royal Insurance Company of Canada and Quebec Assurance	Application for approval of a revised rating program for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 60	Axa Canada on behalf of Insurance Corporation of Newfoundland	In the matter of A.I. 53 (1997-98), request that the short-commute discount of 10.5% (average of liability & collision) read 20.5% - liability and 3.4% - collision, and to change the effective date for renewals to March 1, 1998	Approval granted as a result of a meeting of the Board
A.I. 61	Lombard Canada on behalf of Lombard Insurance Company, Lombard General Insurance Company of Canada, The Continental Insurance Company, Niagara Fire Insurance Company, Continental Casualty Company, and The Tokio Marine and Fire Insurance Company Limited	Application for approval of a revised rating program for its private passenger class of business	Approval granted as a result of a meeting of the Board
A.I. 62	Canadian General Insurance Company	Application to implement revised rates for its commercial class of business	Approval granted as a result of a meeting of the Board
A.I. 63	Risconcept Inc. on behalf of Metro General Insurance Corporation Ltd.	Application to implement revised rates for its private passenger class of business	As a result of a meeting of the Board, approval was granted; future non-benchmark filings shall be actuarially supported by individual coverage in each territory, and not on an overall basis.
A.I. 64	Axa Canada	In the Matter of A.I. 48 (1997-98) and application from Axa Canada to amend the implementation dates to read February 1, 1998 for new business and March 1, 1998 for renewals	Approval granted as a result of a meeting of the Board.
A.I. 65	Co-operators General Insurance Company	In the matter of A.I. 51 (1997-98) and in the matter of the subsequent review of the Safe Driving Reward Program on which additional information was requested	Approval was granted for the Safe Driving Reward Program. Co-operators are to annually report to the Board the number of insureds participating in the program, the numbers entering and exiting the program within the preceding 12 months, and the number of insureds receiving the 100% discount. Information to be reported by Dec. 31, of each calendar year.
A.I.66	Lombard Canada	In the matter of A.I. 61 (1997-98), Lombard requested correction of its Multi Vehicle Discount from 10% to 15%, and approval of its Personal Choice Discount which had been omitted.	Approval granted as a result of a meeting of the Board.
A.I. 67	Elite Insurance Company	Application to implement rating programs for its antique, classic, and custom automobile, and motorhome classes of business	Approval granted as a result of a meeting of the Board
A.I. 68	Liberty Mutual on behalf of Liberty Mutual Insurance Company and Liberty Insurance Company of Canada	Application to implement rates for its motorcycle class of business	Approval granted as a result of a meeting of the Board
A.I. 69	Tillinghast-Towers Perrin on behalf of Federation Insurance Company of Canada	Application to implement revised rates for its private passenger class of business	Approval denied as a result of a meeting of the Board
A.I. 70	Coopers & Lybrand on behalf of Colonial Fire & General Insurance Company Limited	Application to implement a revised rating program for its private passenger class of business	Approval granted as a result of a meeting of the Board