IN THE MATTER OF THE AUTOMOBILE
INSURANCE ACT, CHAPTER A - 22,
R.S.N. 1990
AND
IN THE MATTER OF AN APPLICATION BY
Pembridge
Insurance Company
TO IMPLEMENT REVISED RATES FOR ITS
PRIVATE PASSENGER CLASS OF BUSINESS.
WHEREAS,
by application received April 19, 2000, Pembridge 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,
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 Pembridge 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 |
$ 749.08 |
$ 414.01 |
$ 353.68 |
|
Collision |
224.80 |
249.81 |
271.73 |
|
Comprehensive |
119.59 |
92.33 |
126.80 |
|
Specified
Perils |
59.41 |
31.68 |
29.71 |
|
Accident
Benefits |
103.92 |
103.92 |
103.92 |
|
Uninsured
Motorist |
18.00 |
18.00 |
18.00 |
|
All
Perils |
366.42 |
367.55 |
425.57 |
and differentials as submitted with this filing.
2.
These rates shall be effective June 1, 2000 for new business and July 1, 2000 for renewals.
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
Cheryl Blundon,
Board Secretary