A.I. 17 (2000-2001)
IN
THE MATTER OF THE AUTOMOBILE
INSURANCE
ACT, CHAPTER A - 22,
R.
S. N. 1990.
AND
IN
THE MATTER OF AN APPLICATION BY
The Dominion of Canada General Insurance Company
TO
IMPLEMENT REVISED RATES FOR ITS
COMMERCIAL
CLASS OF BUSINESS.
WHEREAS by application received October 3, 2000, The Dominion of Canada General Insurance Company applied to the Board for approval to implement a revised rating program for its Commercial class of business, and
WHEREAS, the Board, after due examination and analysis
of the proposed rating program, finds that it should be approved as filed.
IT IS THEREFORE ORDERED THAT:
1. Board Order No. A. I. 12 (1998-99) be and it is hereby rescinded.
2. Approval be and it is hereby granted The Dominion of Canada General Insurance Company for the implementation of a revised rating program for its Commercial class of business with base rates as follows:
|
All Territories |
|
|
Third Party Liability |
$ 634.74 |
|
Collision |
183.73 |
|
Comprehensive |
117.47 |
|
Specified Perils |
54.07 |
|
Accident Benefits |
25.11 |
|
Uninsured Motorist |
6.00 |
and differentials as submitted with this filing.
3.
The
following discount is approved for use subject to the eligibility criteria set
out in the company=s underwriting manual:
(i) Dual Policy 5% All coverages – Classes 35-
46
and Class
75
4. These rates shall be effective from January 1, 2001 for new business and February 15, 2001 for renewals.
Dated at St. John's, Newfoundland, this 31st day of October, 2000.
Darlene Whalen,
P. Eng.
Vice-Chairperson
Cheryl Blundon
Board Secretary