ORDERS
ISSUED BY THE BOARD DURING 2012
UNDER
THE
AUTOMOBILE INSURANCE ACT
CHAPTER - 22, 1990
Federation Insurance Company of Canada A.I. 1 (2012)
Application:
For approval
of a revised Manufacturer’s Suggested Retail Price (MSRP) Rate Group Table for
its Commercial Automobiles class of business.
Decision:
The
application for a revised Manufacturer’s Suggested Retail Price (MSRP) Rate
Group Table for its Commercial Automobiles class of business received October
25, 2011 from Federation Insurance Company of Canada is approved to be
effective no sooner than January 15, 2012 for new business and renewals.
Date Issued:
January 12, 2012
The Dominion of Canada General Insurance Company A.I. 2 (2012)
Application:
To implement a revised rating program for its Private Passenger
Automobiles class of business
Decision:
The revised rate proposal received January 17, 2012 from
Dominion of Canada General Insurance Company for its Private Passenger
Automobiles class of business is approved to be effective no sooner than
February 1, 2012 for new business and April 1, 2012 for renewals.
Date Issued:
January 27, 2012
The Personal Insurance Company A.I. 3 (2012)
Application:
To implement a new optional
endorsement called 5-Year New Vehicle Protection.
Decision:
The proposal for the 5-Year New
Vehicle Protection endorsement received January 18, 2012 from The Personal
Insurance Company is approved to be effective no sooner than March 24, 2012 for
new business and May 24, 2012 for renewals.
Date Issued:
February 9, 2012
The Sovereign General Insurance Company A.I. 4 (2012)
Application:
To adopt IAO
advisory rates for its Commercial Vehicles and Interurban Trucks classes of
business.
Decision:
The application of The Sovereign General Insurance Company to adopt IAO
advisory rates for its Commercial Vehicles and Interurban Trucks classes of
business is approved to be
effective no sooner than June 4, 2012 for new business and July 17, 2012 for
renewals.
Date Issued:
April 12, 2012
COSECO Insurance Company A.I. 5 (2012)
Application:
For approval to implement revised rates for its
Private Passenger Automobiles class of business.
Decision:
1. The application is denied.
2. COSECO Insurance Company shall
submit, for the approval of the Board, within 30 days of receipt of the Board’s
Reasons for Decision, a revised rate proposal for its Private Passenger
Automobiles class of business with the changes in parameters outlined therein.
3. COSECO Insurance Company
shall pay the expenses of the Board incurred in connection with this matter.
Date Issued:
April 20,
2012
Federation Insurance Company A.I. 6 (2012)
Application:
For approval to implement revised rates for its
Private Passenger Automobiles class of business.
Decision:
1. The application is denied.
2. Federation Insurance Company
of Canada shall submit, for the approval of the Board, within 30 days of
receipt of the Board’s Reasons for Decision, a revised rate proposal for its
Private Passenger Automobiles class of business with the changes in parameters
outlined therein.
3. Federation Insurance Company
of Canada shall pay the expenses of the Board incurred in connection with this
matter.
Date Issued:
April 20,
2012
COSECO Insurance Company A.I. 7 (2012)
Application:
For approval to
implement revised rates for its Private Passenger Automobiles class of
business.
Decision:
1. The revised rate proposal received April
20, 2012 from COSECO Insurance Company for its Private Passenger Automobiles
class of business is approved to be effective no sooner than June 1, 2012 for
new business and July 1, 2012 for renewals.
2. COSECO Insurance Company shall pay the
expenses of the Board incurred in connection with this matter.
Date Issued:
April 26,
2012
Federation Insurance Company A.I. 8 (2012)
Application:
For
approval to implement a revised rating program for its Private Passenger
Automobiles class of business.
Decision:
1. The revised rate proposal received May 7,
2012 from Federation Insurance Company of Canada for its Private Passenger
Automobiles class of business is approved to be effective no sooner than June
1, 2012 for new business and August 1, 2012 for renewals.
2. Federation Insurance Company of Canada
shall pay the expenses of the Board arising from this application.
Date Issued:
May 11,
2012
Aviva Insurance Company of Canada A.I. 9 (2012)
Application:
For
approval to adopt the most recent rates and rating program of S&Y Insurance
Company for its Private Passenger Automobiles class of business.
Decision:
1.
The application
by Aviva Insurance Company of Canada to utilize the Private Passenger
Automobile rates and rating program of S&Y Insurance Company is approved
with effect no sooner than July 1, 2012.
2.
Aviva
Insurance Company of Canada shall annually report to the Board the number of
private passenger automobiles written in the Province and the premiums
associated therewith, commencing no later than March 31, 2013 and continuing
thereafter until otherwise ordered by the Board.
Date Issued:
June 7,
2012
Aviva Insurance Company of Canada A.I. 10 (2012)
Application:
For
approval to adopt the most recent rates and rating program of S&Y Insurance
Company for its Miscellaneous Vehicles class of business.
Decision:
1.
The application
by Aviva Insurance Company of Canada to utilize the Miscellaneous Vehicles
rates and rating program of S&Y Insurance Company is approved with effect
no sooner than July 1, 2012.
2.
Aviva
Insurance Company of Canada shall annually report to the Board the number of
miscellaneous vehicles written in the Province and the premiums associated
therewith, commencing no later than March 31, 2013 and continuing thereafter
until otherwise ordered by the Board.
Date Issued:
June 7,
2012
Aviva Insurance Company of Canada A.I. 11 (2012)
Application:
For
approval to adopt IAO advisory rates for its Public Vehicles class of business.
Decision:
1.
The
application of Aviva Insurance Company of Canada to adopt IAO advisory rates
for its Public Vehicles class of
business is approved to be effective no sooner than July 1, 2012.
Date Issued:
June 7,
2012
IAO Actuarial Consulting Services Inc., on behalf of ACE INA Insurance A.I. 12 (2012)
Application:
For
approval to adopt IAO advisory rates for Private Passenger Automobiles,
Commercial Vehicles, Interurban Trucks and Garage Section classes of business.
Decision:
1.
The application
of IAO Actuarial Consulting Services Inc., on behalf of ACE INA Insurance, to
adopt IAO advisory rates for Private Passenger Automobiles, Commercial
Vehicles, Interurban Trucks and Garage Section classes of business is approved
to be effective no sooner than July 1, 2012.
Date Issued:
June 7,
2012
The Portage la Prairie Mutual Insurance Company A.I. 13 (2012)
Application:
For
approval to implement revised rates for its Private Passengers Automobiles
class of business.
Decision:
1.
The
Application is denied.
2.
The Portage la
Prairie Mutual Insurance Company shall submit for the approval of the Board,
within 30 days of receipt of the Reasons for Decision, a revised rate proposal
for its Private Passenger Automobiles class of business that reflects the
findings of the Board as set out in the Reasons for Decision.
3.
Pursuant to
section 57 of the Automobile Insurance Act and section 90 of the Public Utilities
Act, Portage la Prairie Mutual Insurance Company will be required to pay the
costs of the Board associated with this filing, including the costs of the
actuarial review.
Date Issued:
July 30,
2012
The Portage la Prairie Mutual Insurance Company A.I. 14 (2012)
Application:
For
approval to implement revised rates for its Private Passengers Automobiles
class of business.
Decision:
1.
The revised
rate proposal received August 22, 2012 from The Portage la Prairie Mutual
Insurance Company for its Private Passenger Automobiles class of business is
approved to be effective no sooner than November 1, 2012 for new business and
December 1, 2012 for renewals.
Date Issued:
September
4, 2012
The Portage la Prairie Mutual Insurance Company A.I. 15 (2012)
Application:
For
approval to implement revised rates for its Miscellaneous Vehicles class of
business.
Decision:
1.
The revised rate
proposal received September 20, 2012 from The Portage la Prairie Mutual
Insurance Company for its Miscellaneous Vehicles class of business is approved
to be effective no sooner than December 1, 2012 for new business and January 1,
2013 for renewals.
Date Issued:
October 4,
2012
Protective Insurance Company A.I. 16 (2012)
Application:
By
IAO Actuarial Consulting Services Inc. on behalf of Protective Insurance
Company to adopt IAO advisory rates for its Commercial Vehicles and Interurban
Trucks classes of business.
Decision:
1.
The
application of Protective Insurance Company to adopt IAO advisory rates for its
Commercial Vehicles and Interurban Trucks classes of business is approved.
Date Issued:
October 4,
2012
Co-operators General Insurance Company A.I. 17 (2012)
Application:
For
approval of a revised rating program for its Private Passenger Automobiles
class of business.
Decision:
1.
The revised
rate proposal received October 3, 2012 from Co-operators General Insurance
Company for its Private Passenger Automobiles class of business is approved to
be effective no sooner than January 16, 2013 for new business and renewals.
Date Issued:
October 18,
2012
The Personal Insurance Company A.I. 18 (2012)
Application:
For
approval of a revised rating program for its Private Passenger Automobiles
class of business.
Decision:
1.
The
application is denied.
2.
On or before
January 21, 2013, The Personal Insurance Company shall submit for the approval
of the Board a revised rate proposal for its Private Passenger Automobiles
class of business that reflects the findings of the Board as set out in the
Reasons for Decision.
3.
Pursuant to
section 57 of the Automobile Insurance Act and section 90 of the Public
Utilities Act, The Personal Insurance Company shall pay the costs of the Board
associated with this filing, including the costs of the actuarial review.
Date Issued:
December 21,
2012
Any questions, problems or comments concerning
this page,
please contact webmaster@pub.nl.ca