A.I. 14 (2000-2001)

 

 

 

 

 

IN THE MATTER OF THE AUTOMOBILE

INSURANCE ACT, CHAPTER A - 22,

R.S.N. 1990

 

        AND

 

IN THE MATTER OF AN APPLICATION BY

THE PORTAGE LA PRAIRIE MUTUAL INSURANCE COMPANY

TO IMPLEMENT A REVISED RATING PROGRAM FOR ITS

PRIVATE PASSENGER CLASS OF BUSINESS.

 

 

 

 

 

WHEREAS, by application received May 8, 2000, The Portage La Prairie Mutual Insurance Company 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 for Private Passenger vehicles, finds that it conforms with the Benchmarks and should be approved as filed.

 

IT IS THEREFORE ORDERED THAT:

 

1.         Approval be and it is hereby granted The Portage La Prairie Mutual Insurance Company for the implementation of a revised rating program for its Private Passenger class of business with base rates as follows:

Territory

1

       2

         3

Third Party

$ 786.19

$ 407.80

$ 283.50

Collision

175.68

195.84

193.64

Comprehensive

94.10

75.06

89.87

Specified Perils

34.89

19.03

16.92

Accident Benefits

48.63

48.63

48.63

Uninsured Motorist All Perils

20.09

274.22

10.57

274.22

7.40

287.44

 

 

 

 

and differentials as submitted with this filing.

 

2.         The following discounts are approved for use subject to the eligibility criteria set out in the company=s underwriting manual:

         i.        

Multi vehicle

10%

Third party liability, all perils, and collision

       ii.        

Claims free

5%

All coverages

      iii.        

Multi line

5%

All coverages

     iv.        

Renewal

10%

All coverages

       v.        

Club 50

5%

All coverages, including SEF’s

     vi.        

Farmers and fishermen

40%

Third party liability, all perils, and collision

 

 

25%

Comprehensive, and specified perils

 

3.         These rates shall be effective September 1, 2000 for new business and renewal business.

 

Dated at St. John's, Newfoundland, this 28th day of June, 2000.

 

 

                                                                                                                                     

David A. Vardy,

Chairperson

 

 

 

                                                                                                                                                 

Darlene Whalen, M.A.Sc., P. Eng.

Vice-Chairperson

 

 

                                                           

Barbara Thistle

Assistant Board Secretary

Auto Ins. Orders / Home