A.I. 47 (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

Lloyd’s Underwriters

TO IMPLEMENT REVISED RATES FOR COLLISION COVERAGE FOR ITS

COMMERCIAL CLASS OF BUSINESS.

 

 

 

WHEREAS, by application received May 23, 2001, Lloyd’s Underwriters applied to the Board for approval to implement a Collision rate for its Commercial class of business, and 

 

WHEREAS, the Board, after due examination and analysis of the proposed  amendment, finds that it conforms with the 2001 Benchmarks and should be approved as filed.

 

 

IT IS THEREFORE ORDERED THAT:

 

Approval be and it is hereby granted Lloyd’s Underwriters to implement revised rates for the Collision portion of its Commercial rating program as follows:

 

                        Commercial  Coverage                        All Territories

                        Collision                                               $198.00

 

 

Dated at St. John's, Newfoundland, this 6th day of June, 2001.

 

 

 

 

                                                                

Robert Noseworthy

Chairperson & Chief Executive Officer

 

 

 

 

                                                          

Darlene Whalen, P.Eng.

Vice-Chairperson

 

 

 

                                                          

Barbara Thistle

Assistant Board Secretary

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