A.I. 48 (2001-2002)
IN THE MATTER OF THE AUTOMOBILE
INSURANCE ACT, CHAPTER A - 22, R.S.N. 1990
IN THE MATTER OF BOARD ORDER NO. A.I. 16 (2001-2002) AND
IN THE MATTER OF A REQUEST BY AXA CANADA
ON BEHALF OF INSURANCE CORPORATION OF NEWFOUNDLAND
TO AMEND THE IMPLEMENTATION DATES
OF THE PRIVATE PASSENGER AUTOMOBILE INSURANCE RATES
APPROVED BY THE WAY OF BOARD ORDER NO A.I. 16 (2001-2002)
WHEREAS, on May 16, 2001, the Board issued Order No A.I. 16 (2001-2002) Company approving a private-passenger automobile-insurance rating program for Insurance Corporation of Newfoundland, and
WHEREAS, the effective dates established by way of A.I. 16 (2001-2002) provided that the rates shall be effective June 1, 2001 for new business and July 1, 2001 for renewals, and
WHEREAS, on May 25, 2001, the Board received a request by way of letter from Axa Canada on behalf of Insurance Corporation of Newfoundland to amend the implementation dates established by way of Board Order A.I. 16 (2001-2002) to July 1, 2001 for new business and to August 1, 2001 for renewals, and
WHEREAS, the Board has reviewed the request and found it to be reasonable, with the exception that the effective date for new business should be June 7, 2001.
IT IS THEREFORE ORDERED THAT:
Board Order No. A.I. 16 (2001-2002) be amended by deleting therefrom in its entirety, section 5. at page 5, and substituting the following:
5. The rates established by way of this Order are to be implemented on June 7, 2001 for new business and August 1, 2001 for renewals.
Dated at St. John's, Newfoundland, this 6th day of June 2001.
Chairperson & Chief Executive Officer
Darlene Whalen, P.Eng.
Assistant Board Secretary
Auto Ins. Orders / Home