ORDERS ISSUED BY THE BOARD DURING 2008

UNDER

THE AUTOMOBILE INSURANCE ACT

CHAPTER - 22, 1990

 

 

Canadian Union Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 1 (2008)

†††††††† Application:

For approval to implement revised rates for its Private Passenger class of business.

Decision:

1.      The revised rate proposal received by the Board on January 22, 2008 is approved with base rates as stated in order.

2.       The base rates for each type of coverage shall be effective for new business no sooner than March 17, 2008 and no sooner than May 19, 2008 for renewal business.

3.       The proposed discount program is approved.

4.       The Applicant shall pay all the expenses of the Board arising from this filing.

Date Issued:

February 14, 2008

 

 

Security National Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 2 (2008)

†††††††† Application:

For approval to implement revised rates for differentials for collision, comprehensive and specified perils coverage for all terrain vehicles with values in excess of $15,000.00

Decision:

1.       The application is approved as submitted, to be effective June 10, 2008 for new business and July 10, 2008 for renewals.

Date Issued:

February 14, 2008

 

 

Primmum Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 3 (2008)

†††††††† Application:

For approval to implement revised rates for differentials for collision, comprehensive and specified perils coverage for all terrain vehicles with values in excess of $15,000.00

Decision:

1.       The application is approved as submitted, to be effective June 10, 2008 for new business and July 10, 2008 for renewals

Date Issued:

February 14, 2008

 

 

TD Home and Auto Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 4 (2008)

†††††††† Application:

For approval to implement revised rates for differentials for collision, comprehensive and specified perils coverage for all terrain vehicles with values in excess of $15,000.00

Decision:

1.       The application is approved as submitted, to be effective June 10, 2008 for new business and July 10, 2008 for renewals

Date Issued:

February 14, 2008

 

 

S & Y Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 5 (2008)

†††††††† Application:

For approval to implement revised rates for its Private Passenger class of business.

Decision:

1.      The revised rate proposal received by the Board on February 21, 2008 is approved with base rates as stated in order.

2.       The base rates for each type of coverage shall be effective for new business no sooner than July 1, 2008 and no sooner than August 1, 2008 for renewal business.

3.       The proposed discount program is approved.

4.       The Applicant shall pay all the expenses of the Board arising from this filing.

Date Issued:

February 28, 2008

 

 

Scottish and York Insurance Company††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 6 (2008)

†††††††† Application:

For approval to implement revised rates for its Private Passenger class of business.

Decision:

1.      The revised rate proposal received by the Board on February 21, 2008 is approved with base rates as stated in order.

2.       The base rates for each type of coverage shall be effective for new business no sooner than July 1, 2008 and no sooner than August 1, 2008 for renewal business.

3.       The proposed discount program is approved.

4.       The Applicant shall pay all the expenses of the Board arising from this filing.

Date Issued:

February 28, 2008

 

 

Sovereign General Insurance Company (The)††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 7 (2008)

†††††††† Application:

For approval of rates for increased third party liability limits and S.E.F. 44 coverage.

Decision:

1.       With effect from March 12, 2008:

The application of Sovereign General Insurance Company for increased limits for third party liability and S.E.F. 44 rates is approved.

Date Issued:

March 12, 2008

 

 

Portage Mutual Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 8 (2008)

†††††††† Application:

For approval of an optional Accident Waiver Program for private passenger automobile insurance.

Decision:

The rate for the Accident Waiver Program is approved at $30 per vehicle.

Date Issued:

March 12, 2008

 

 

The Dominion of Canada General Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 9 (2008)

†††††††† Application:

For approval to implement revised rates for its Private Passenger class of business.

Decision:

1.       The rate proposal by The Dominion of Canada General Insurance Company received by the Board on February 29, 2008 is approved with base rates as stated in order and differentials as submitted with this filing.

2.       The base rates for each type of coverage shall be effective for new business no sooner than May 1, 2008 and no sooner than July 1, 2008 for renewal business.

3.       The implementation of the 2007 CLEAR rate group tables issued by VICC is approved.

4.       The proposed discount program is approved.

5.       Dominion shall pay all the expenses of the Board arising from this filing.

Date Issued:

April 10, 2008

 

 

Sovereign General Insurance Company †††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 10 (2008)

†††††††† Application:

To adopt the rates and rating program of Canadian Union for its private passenger class of business

Decision:

1.       The application by The Sovereign General Insurance Company to utilize the private-passenger rating program of Canadian Union Insurance Company is approved with effect from July 7, 2008.

2.       The Sovereign General Insurance Company shall annually, commencing no later than March 30, 2009 and continuing thereafter until otherwise ordered by the Board, report to the Board the numbers of private passenger automobiles written and the premiums associated therewith.

Date Issued:

May 15, 2008

 

 

Axa Insurance (Canada)†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 11 (2008)

†††††††† Application:

To adopt the rates and rating program of Axa General for its private passenger class of business

Decision:

1.       The application by Axa Insurance (Canada) to utilize the private-passenger rating program of Axa General Insurance Company is approved with effect from May 15, 2008.

2.       Axa Insurance (Canada) shall annually, commencing no later than March 30, 2009 and continuing thereafter until otherwise ordered by the Board, report to the Board the numbers of private passenger automobiles written and the premiums associated therewith.

Date Issued:

May 15, 2008

 

 

Traders General Insurance Company††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 12 (2008)

†††††††† Application:

For approval to implement revised rates for its Private Passenger class of business.

Decision:

1.       The rate proposal received by the Board on May 12, 2008 is approved with base rates as stated in the order and the differentials submitted with the February 2008 filing.

2.       The base rates for each type of coverage shall be effective for new business no sooner than July 1, 2008 and no sooner than August 1, 2008 for renewal business.

3.       The proposed discount program is approved.

4.       The Applicant shall pay all the expenses of the Board arising from this filing.

Date Issued:

May 26, 2008

 

 

 

Federation Insurance Company of Canada††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 13 (2008)

†††††††† Application:

For approval to implement revised rates for its Private Passenger class of business (dated January 8, 2008 and as amended April 25, 2008.

Decision:

1.       The proposed rates are prohibited.

2.       Federationís Bodily Injury loss development factors are rejected.

3.       Federationís proposed future trend rate for Accident Benefits is rejected.

4.       Federation shall file with the Board revised rate indications using the traditional incurred reported development method to derive its Bodily Injury loss development factors, as well as an Accident Benefits future loss trend rate of +1%.

5.       Federation shall submit for the approval of the Board a revised rate filing with proposed rates which are no higher than the rate indications revised in accordance with this Order, setting out proposed effective dates.

6.       Federation may adjust the proposed rates to reflect the proposed effective dates in the trend period.

7.       The proposed discount program is approved.

8.       The proposed surcharge program is approved.

9.       The updated CLEAR rate group tables are accepted.

10.   The proposed changes to driving record progression for at fault accidents are accepted.

11.   Federation shall pay all the expenses of the Board arising from this filing.

Date Issued:

July 15, 2008

 

 

 

Federation Insurance Company of Canada††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 14 (2008)

†††††††† Application:

For approval to implement revised rates for its Private Passenger class of business (dated July 18, 2008).

Decision:

The revised rate proposal received by the Board on July 18, 2008 is approved with base rates as specified in order.

Date Issued:

July 18, 2008

 

 

 

Security National Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 15 (2008)

†††††††† Application:

For approval of an optional Accident Forgiveness Endorsement for its Private Passenger class of business.

Decision:

The proposed Accident Forgiveness Endorsement is approved to be effective no sooner than September 15, 2008 for New Business and November 15, 2008 for Renewals.

Date Issued:

July 25, 2008

 

 

Primmum Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 16 (2008)

†††††††† Application:

For approval of an optional Accident Forgiveness Endorsement for its Private Passenger class of business.

Decision:

The proposed Accident Forgiveness Endorsement is approved to be effective no sooner than September 15, 2008 for New Business and November 15, 2008 for Renewals.

Date Issued:

July 25, 2008

 

 

TD Home and Auto Insurance Company†††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 17 (2008)

†††††††† Application:

For approval of an optional Accident Forgiveness Endorsement for its Private Passenger class of business

Decision:

The proposed Accident Forgiveness Endorsement is approved to be effective no sooner than September 15, 2008 for New Business and November 15, 2008 for Renewals.

Date Issued:

July 25, 2008

 

 

Portage la Prairie Mutual Insurance Company††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††††† A.I. 18 (2008)

†††††††† Application:

For approval to implement S.E.F. 20 and S.E.F. 43 (R or L) coverages for light commercial vehicle classifications.

Decision:

The proposed S.E.F 20 and S.E.F. 43 (R or L) endorsements for light commercial vehicles is approved to be effective no sooner than September 1, 2008 for new business and renewals.

Date Issued:

August 18, 2008

 

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