IN THE MATTER OF THE AUTOMOBILE
INSURANCE ACT, CHAPTER A - 22,
R.S.N. 1990
AND
IN THE MATTER OF AN APPLICATION BY
The
Citadel General Assurance Company
TO IMPLEMENT RATES FOR ITS
COMMERCIAL CLASS OF BUSINESS.
WHEREAS, by application
received May 3,
2000, The
Citadel General Assurance Company applied to the Board
for approval to adopt the Insurers’ Advisory Organization’s rating program for Commercial
vehicles, and
WHEREAS, the Board, after due examination and analysis of the Insurers’ Advisory Organization’s 1999-2000 commercial rating program, accepted it for use, effective October 1, 1999.
IT
IS THEREFORE ORDERED THAT:
1. Approval
be and it is hereby granted The Citadel General Assurance Company to adopt the Insurers’ Advisory Organization’s 1999-2000 rating program for
commercial vehicles.
2. The rates approved herein may not be altered or varied by the application of any surcharge or discount which has not been filed with and approved by the Board.
3. These rates shall be
effective June
1, 2000.
Dated at St. John's, Newfoundland, this 30th day of May,
2000.
Darlene Whalen, M.A.Sc., P. Eng.
Vice-Chairperson
G. Fred Saunders
Commissioner
Cheryl Blundon,
Board Secretary