A.I. 52 (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
Royal
& SunAlliance Insurance Company
TO
CONTINUE ITS RATING PROGRAM
FOR
ITS PRIVATE PASSENGER CLASS OF BUSINESS
WHEREAS, by application received February 1, 2001, Royal & SunAlliance Insurance Company applied to the Board for approval to continue its rating program for its Private Passenger class of business known as “Gateway Plan” 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.
Approval be
and it is hereby granted Royal & SunAlliance Insurance Company for the
continuation of its rating program for its Private Passenger class of business,
known as “Gateway”, with base rates as follows:
|
Territory |
1 |
2 |
3 |
|
Third Party Liability |
$948.68 |
$513.49 |
$378.59 |
|
Collision |
$284.20 |
$287.59 |
$275.41 |
|
Comprehensive |
$183.07 |
$132.04 |
$114.85 |
|
Specified Perils |
$71.86 |
$41.00 |
$31.53 |
|
Accident Benefits |
$89.74 |
$89.74 |
$89.74 |
|
Uninsured Motorist |
$20.90 |
$20.90 |
$20.90 |
and differentials as submitted with this
filing.
2. The following discount is approved for use subject to the eligibility criteria set out in the company’s underwriting manual:
multi vehicle discount 10%
3.
The rates
shall be effective June 1, 2001 for new business and July 1, 2001 for 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