A.I. 54 (2001-2002)
IN THE MATTER OF THE AUTOMOBILE
INSURANCE ACT, CHAPTER A - 22,
R.S.N. 1990
AND
IN THE MATTER OF THE REVIEW OF
THE AUTOMOBILE INSURANCE RATES OF
Trafalgar
Insurance Company of Canada
AND ISSUANCE OF A.I. 37 (2001-2002)
WHEREAS, by
application received March 22, 2001, Trafalgar Insurance Company of Canada
applied to the Board for approval to implement a revised rating program for its
Private Passenger class of business, and
WHEREAS, the
Board, after due examination and analysis of the proposed rating program, found
that it conformed with the Benchmarks and approved it as filed by Order No.
A.I. 4 (2001-2002) dated May 1, 2001.
WHEREAS, on May
16, 2001, the Board, in error, issued Order No. A.I. 37 (2001-2002) imposing
private passenger and commercial automobile insurance rating programs on the insurer, and
WHEREAS, the
Order should not have been issued as the Board had previously approved a rating
program for the insurer utilizing the 2001 Benchmarks.
IT IS THEREFORE
ORDERED THAT:
1. Order
No. A.I. 37 (2001-2002) be and it is
hereby rescinded.
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