A.I.  70 (2001-2002)

 

 

 

 

IN THE MATTER OF THE AUTOMOBILE

INSURANCE ACT, CHAPTER A - 22,

R.S.N. 1990

 

        AND

 

IN THE MATTER OF A REVIEW OF

THE AUTOMOBILE INSURANCE RATES OF

Axa Canada on behalf of

Insurance Corporation of Newfoundland

 

 

 

WHEREAS, on May 16, 2001, the Board issued Order No. A.I. 16 (2001-2002) approving a private-passenger automobile insurance rating program for Axa Canada on behalf of Insurance Corporation of Newfoundland, and

 

WHEREAS, on October 2, 2001, the Board was made aware that Insurance Corporation of Newfoundland was not using rates approved in Order No. A.I. 16 (2001-2002), and


 

 

WHEREAS, upon review by Board staff, it was determined that incorrect rates were incorporated in Order No. 16 (2001-2002), and

 

WHEREAS, the Board, after due examination and analysis, finds that Order No. A.I. 16 (2001-2002) should be amended. 

 

IT IS THEREFORE ORDERED THAT:

 

1.      Order No. A.I. 16 (2001-2002) be amended by deleting therefrom in its entirety, Section 3. at page 4 and substituting the following:

 

3.        

Territory

1

       2

         3

Third Party

$ 764.00

$ 414.00

$ 288.00

Collision

198.00

246.00

242.00

Comprehensive

103.00

83.00

99.00

Specified Perils

43.00

24.00

22.00

Accident Benefits

69.00

69.00

69.00

Uninsured Motorist

22.00

11.00

8.00

           

                        and differentials as submitted with this filing.      

 


Dated at St. John's, Newfoundland, this 24th day of October, 2001.

 

 

 

                                                                 

Robert Noseworthy

Chairperson & Chief Executive Officer

 

 

 

 

                                                              

Darlene Whalen, P.Eng.

Vice-Chairperson

 

 

 

 

 

                                                           

Cheryl Blundon

Board Secretary          


 

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