A.I. 26(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
CGU Insurance Company of Canada
TO
IMPLEMENT REVISED RATES FOR ITS
COMMERCIAL
CLASS OF BUSINESS.
WHEREAS by application received December 1, 2000, CGU Insurance Company of Canada 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 Board Order A.I. 27 (1998-99) be and it is hereby rescinded.
2. Approval be and it is hereby granted CGU Insurance Company of Canada for the implementation of a revised rating program for its Commercial class of business with base rates as follows:
|
|
All Territories |
|
Third Party Liability |
$651.03 |
|
Collision |
184.59 |
|
Comprehensive |
115.66 |
|
Specified Perils |
66.05 |
|
Accident Benefits |
18.00 |
|
Uninsured Motorist |
9.00 |
|
All Perils |
266.91 |
and differentials as submitted with this filing.
3.
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.
4. These rates shall be effective from February 1, 2001 for new business and March 1, 2001 for renewals.
Dated at St. John's, Newfoundland, this 20th day of December, 2000.
David A. Vardy
Chairperson
Darlene Whalen,
P. Eng.
Vice-Chairperson
Cheryl Blundon
Board Secretary