A.I. 34 (2001-2002)

 

 

 

IN THE MATTER OF THE AUTOMOBILE

INSURANCE ACT, CHAPTER A - 22,

R. S. N. 1990.

 

        AND

 

IN THE MATTER OF AN APPLICATION BY

Zurich Indemnity Company of Canada

TO IMPLEMENT REVISED RATES FOR ITS

COMMERCIAL CLASS OF BUSINESS.

 

 

 

 

WHEREAS by application received April 4, 2001, Zurich Indemnity 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 conforms with the 2001 Benchmarks and should be approved as filed. 

 

 

IT IS THEREFORE ORDERED THAT:

 

1.                  Approval be and it is hereby granted Zurich Indemnity Company of Canada for the implementation of a revised rating program for its Commercial class of business with base rates as follows:               

Territory

All

Third Party Liability

$679

Collision

$224

Comprehensive

$131

Specified Perils

$ 64

Accident Benefits

$ 36

Uninsured Motorist

$ 13

All Perils

$ 321

 

                        and differentials as submitted with this filing.

 

 

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 from June 1, 2001 for new business and July 1, 2001 for renewals.  

 

 

Dated at St. John's, Newfoundland, this 16th day of May, 2001.

 

 

 

 

                                                                 

Robert Noseworthy

Chairperson & Chief Executive Officer

 

 

 

 

                                                              

Darlene Whalen, P.Eng.

Vice-Chairperson

 

 

 

 

 

 

 

                                                           

Barbara Thistle

Assistant Board Secretary        


 

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