A.I. 13 (2000-2001)

 

 

 

 

 

 

IN THE MATTER OF THE AUTOMOBILE

INSURANCE ACT, CHAPTER A - 22,

R.S.N. 1990

 

        AND

 

IN THE MATTER OF AN APPLICATION BY

CONTINENTAL INSURANCE COMPANY AND

CONTINENTAL CASUALTY COMPANY

TO IMPLEMENT REVISED RATES FOR ITS

PRIVATE PASSENGER CLASS OF BUSINESS.

 

 

 

 

WHEREAS, by application received May 15, 2000, Continental Insurance Company and Continental Casualty Company applied to the Board for approval to implement a revised rating program for its Private Passenger class of business, and 

 

WHEREAS, the Board, after due examination and analysis of the proposed rating program, finds that it conforms with the Benchmarks and should be approved as filed.

 


IT IS THEREFORE ORDERED THAT:

 

1.         Approval be and it is hereby granted Continental Insurance Company and Continental Casualty Company for the implementation of a revised rating program for its Private Passenger class of business with base rates as follows:

 

Territory

1

       2

         3

 

Third Party

$ 867.00

$ 457.00

$ 352.00

 

Collision

195.00

218.00

237.00

 

Comprehensive

108.00

86.00

115.00

 

Specified Perils

49.00

26.00

25.00

 

Accident Benefits

106.00

106.00

106.00

 

Uninsured Motorist

19.00

19.00

19.00

 

 

 

 

 

 

 

 

 and differentials as submitted with this filing.

 

2.         The following discounts are approved for use subject to the eligibility criteria set out in the company’s underwriting manual:

  i. multi vehicle

15%

third party liability, accident benefits, &

collision

 

ii. mature driver

10%

all coverages

 

3.         These rates shall be effective July 1, 2000 for new business and renewals.


 

Dated at St. John's, Newfoundland, this 13th day of June, 2000.

 

 

                                                                                                                                                 

Darlene Whalen, M.A.Sc., P. Eng.

Vice-Chairperson

 

 

                                        

                                   

Cheryl Blundon

Board Secretary

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