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