A.I. 51 (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
IAO Actuarial
Consulting Services on behalf of
ACE INA Insurance
TO IMPLEMENT
REVISED RATES FOR ITS
COMMERCIAL
VEHICLE AND INTERURBAN TRUCK
CLASSES OF
BUSINESS.
WHEREAS, by application received March 1, 2001, IAO Actuarial Consulting
Services on behalf of ACE INA Insurance applied to the Board for approval to
adopt the Insurers' Advisory Organization's rating program for Commercial
vehicles and Interurban Trucks, and
WHEREAS, the
Board, after due examination and analysis of the Insurers' Advisory
Organization's 2001-2002 Private
Passenger, Commercial, and Interurban Truck rating programs, accepted them for
use, effective July 1, 2001.
IT IS
THEREFORE ORDERED THAT:
1. Approval
be and it is hereby granted ACE INA Insurance to adopt the Insurers' Advisory
Organization's 2001-2002 rating programs for Commercial vehicles and Interurban
Trucks.
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 July 1, 2001 for new business and renewals.
Dated
at St. John's, Newfoundland, this 13th day of June, 2001.
Robert Noseworthy
Chairperson & Chief Executive
Officer
Darlene Whalen, P.Eng.
Vice-Chairperson
Barbara Thistle
Assistant Board Secretary