A.I. 24 (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
Royal & SunAlliance Insurance Company of Canada
TO
IMPLEMENT REVISED RATES FOR ITS
COMMERCIAL
AND MISCELLANEOUS COMMERCIAL VEHICLE
CLASS
OF BUSINESS
WHEREAS by application received April 5, 2001, Royal & SunAlliance
Insurance Company of Canada applied to the Board for
approval to implement a revised rating program for its Commercial class and Miscellaneous
Commercial Vehicle class of business, and
WHEREAS,
the Board, after due examination and analysis of the proposed rating program,
finds that it conforms with the 2001 Benchmarks and should be approved as
filed, and
IT IS THEREFORE ORDERED THAT:
1. Order No. A.I. 20 (1999-2000) be and it is hereby rescinded.
2. Approval be and it is hereby granted Royal & SunAlliance
Insurance Company of Canada for the implementation of a
revised rating program for its Commercial class of business with base rates as
follows:
|
Territory |
1 |
2 and 3 |
|
Third
Party |
$
597. 94 |
$ 589.20 |
|
Collision |
198.79 |
199.30 |
|
Comprehensive |
131.58 |
119.76 |
|
Specified
Perils |
68.15 |
68.12 |
|
Accident
Benefits |
31.31 |
31.31 |
|
Uninsured
Motorist |
11.04 |
11.04 |
|
All
Perils |
330.37 |
319.06 |
and differentials as submitted with this filing.
3. Approval
be and it is hereby granted Royal & SunAlliance Insurance Company of Canada for the
implementation of revisions to its Miscellaneous Vehicles’ rating program as
contained in this filing
4. 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.
5.
These rates shall be effective from June 1, 2001 for new business and July 1, 2001 for renewals.
Dated at St. John's, Newfoundland, this 16th day of May, 2001.
Robert Noseworthy
Chairperson &
Chief Executive Officer
Darlene Whalen,
P.Eng.
Vice-Chairperson
Barbara Thistle
Assistant Board Secretary