IN THE MATTER OF THE AUTOMOBILE
INSURANCE ACT, CHAPTER A - 22,
R.S.N. 1990
AND
IN THE MATTER OF AN APPLICATION BY
Lloyd's Underwriters
REQUESTING AN AMENDMENT TO ITS
DISCOUNTS
APPLICABLE TO ITS PRIVATE PASSENGER CLASS
OF BUSINESS
WHEREAS, by application received by the Board on May 5, 2000, Lloyd's
Underwriters applied to revise its discounts applicable to its private
passenger class of business, and
WHEREAS, the
Board having reviewed the application, finds that it should be approved as
submitted.
IT
IS THEREFORE ORDERED THAT:
1.
Approval be and is hereby granted to
Lloyd's Underwriters for revisions to its discounts applicable to its private
passenger class of business as follows:
|
Discount |
Percentage
|
Applicable to |
|
Merit |
5% |
Third
Party Liability, Collision, Comprehensive, Accident Benefits, Specified
Perils & All Perils |
|
Renewal |
5% |
Third
Party Liability, Collision, Comprehensive, Accident Benefits, Specified
Perils & All Perils |
|
Mature |
5% |
Third
Party Liability, Collision, Comprehensive, Accident Benefits, Specified
Perils & All Perils |
|
Multi
Vehicle |
5% |
Third
Party Liability, Collision, Comprehensive, Accident Benefits, Specified
Perils & All Perils -
applies to common coverages only |
2. These
discounts are subject to the underwriting criteria contained in the insurer's
underwriting manual on file with the Board.
3. These
revisions are effective July 1, 2000.
Dated
at St. John's, Newfoundland, this 30th day of May, 2000.
Darlene Whalen, M.A.Sc., P. Eng.
Vice-Chairperson
G. Fred Saunders
Commissioner
G. Cheryl Blundon
Board Secretary