A.I. 61 (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
CGU Insurance Company of Canada
TO
IMPLEMENT REVISED RATES FOR ITS
COMMERCIAL
CLASS OF BUSINESS.
WHEREAS by application received July 27, 2001, CGU Insurance Company of Canada applied to the Board for approval to implement a revised rating program for its Commercial class of business, 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. Board Order A.I. 26 (2000-2001) be and it is hereby rescinded.
2. Approval be and it is hereby granted CGU Insurance Company of Canada for the implementation of a revised rating program for its Commercial class of business with base rates as follows:
|
|
All Territories |
|
Third Party Liability |
$670.56 |
|
Collision |
191.97 |
|
Comprehensive |
127.23 |
|
Specified Perils |
66.05 |
|
Accident Benefits |
21.96 |
|
Uninsured Motorist |
9.00 |
|
All Perils |
282.53 |
and differentials as submitted with this filing.
3.
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.
4. These rates shall be effective from October 1, 2001 for new business and December 1, 2001 for renewals.
5. CGU Insurance Company of Canada, upon issuance of the 2002 Filing Instructions by the Board, shall submit a revised commercial rate filing in accordance with those instructions.
Dated at St. John's, Newfoundland, this 20th day of September, 2001.
Darlene Whalen,
P.Eng.
Vice-Chairperson
G. Cheryl Blundon,
Board Secretary