A.I. 70 (2001-2002)
IN THE MATTER OF THE AUTOMOBILE
INSURANCE ACT, CHAPTER A - 22,
R.S.N. 1990
AND
IN THE MATTER OF A REVIEW OF
THE AUTOMOBILE INSURANCE RATES OF
Axa
Canada on behalf of
Insurance
Corporation of Newfoundland
WHEREAS,
on May 16, 2001, the Board issued Order No. A.I. 16 (2001-2002) approving a
private-passenger automobile insurance rating program for Axa Canada on behalf
of Insurance Corporation of Newfoundland, and
WHEREAS,
on October 2, 2001, the Board was made aware that Insurance Corporation of
Newfoundland was not using rates approved in Order No. A.I. 16 (2001-2002), and
WHEREAS,
upon review by Board staff, it was determined that incorrect rates were
incorporated in Order No. 16 (2001-2002), and
WHEREAS,
the Board, after due examination and analysis, finds that Order No. A.I. 16
(2001-2002) should be amended.
IT IS THEREFORE ORDERED THAT:
1.
Order No. A.I. 16 (2001-2002) be
amended by deleting therefrom in its entirety, Section 3. at page 4 and substituting
the following:
3.
|
Territory |
1 |
2 |
3 |
|
Third
Party |
$ 764.00 |
$ 414.00 |
$ 288.00 |
|
Collision |
198.00 |
246.00 |
242.00 |
|
Comprehensive |
103.00 |
83.00 |
99.00 |
|
Specified
Perils |
43.00 |
24.00 |
22.00 |
|
Accident
Benefits |
69.00 |
69.00 |
69.00 |
|
Uninsured
Motorist |
22.00 |
11.00 |
8.00 |
and differentials as submitted with this
filing.
Dated at St. John's, Newfoundland, this 24th day of October, 2001.
Robert Noseworthy
Chairperson &
Chief Executive Officer
Darlene Whalen,
P.Eng.
Vice-Chairperson
Cheryl Blundon
Board Secretary