A.I. 66 (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
The
Guarantee Company of North America
TO IMPLEMENT RATES FOR ITS
COMMERCIAL CLASS OF BUSINESS.
WHEREAS, by application
received August
6, 2001, The Guarantee Company of North America applied
to the Board for approval to adopt the Insurers’ Advisory Organization’s rating
program for Commercial vehicles, and
WHEREAS, the Board, after due examination and analysis of the Insurers’ Advisory Organization’s 2001-2002 commercial rating program, accepted it for use, effective July 1, 2001.
IT
IS THEREFORE ORDERED THAT:
1. Approval
be and it is hereby granted The Guarantee Company of North America to adopt the Insurers’ Advisory Organization’s rating program for
commercial vehicles.
2. 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.
3. These rates shall be
effective October
1, 2001 for new business.
Dated at St. John's, Newfoundland, this 20th
day of September,
2001.
Darlene Whalen,
P.Eng.
Vice-Chairperson
Cheryl Blundon,
Board Secretary