A.I. 19 (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

The Halifax Insurance Company of Canada

TO IMPLEMENT REVISED RATES FOR ITS

PRIVATE PASSENGER CLASS OF BUSINESS.

WHEREAS, by application received September 27, 2000, The Halifax Insurance Company of Canada 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, with the exception of the Territory 1 Uninsured Motorist Rate, the filing conforms with the Benchmarks, and

WHEREAS, the insurer advised that due to system constraints, its uninsured motorist rate must be the same in all three rating territories, and

WHEREAS, a common rate within the Benchmarks for uninsured motorist is $19.00.

IT IS THEREFORE ORDERED THAT:

1. Order No. A.I. 46 (1998-99) be and it is hereby rescinded.

2. Approval be and it is hereby granted The Halifax Insurance Company of Canada 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	$ 854.50	$ 449.00	$ 312.00
Collision	204.00	219.00	216.50
Comprehensive	96.50	78.00	93.00
Specified Perils	44.00	26.00	21.00
Accident Benefits	53.00	53.00	53.00
Uninsured Motorist	19.00	19.00	19.00

and differentials as submitted with this filing.

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

i.	multi vehicle	12%	Third Party Liability, Collision, and Accident Benefits - Classes 01, 02, 03, 07, & 15
ii.	farmers	40%	Third Party Liability, Collision, Comprehensive, and Specified Perils - Classes 03, 08, & 09
iii.	electronic-data interchange	5%	Third Party Liability, Collision, Comprehensive, Specified Perils, Uninsured Motorist, and Accident Benefits - Classes 01, 02, 03, 07, & 15
iv.	account	5%	Third Party Liability, Collision, Comprehensive, Specified Perils, Uninsured Motorist, and Accident Benefits
v.	short commute	5%	Third Party Liability, Collision, and Accident Benefits
vi.	special age	5% - 15%	Third Party Liability, Accident Benefits, Collision, All Perils, Comprehensive and Specified Perils

4. These rates shall be effective November 21, 2000 for new business and January 10, 2001 for renewals.

Dated at St. John's, Newfoundland, this 31^st of October, 2000.

Darlene Whalen, P. Eng.

Vice-Chairperson

Cheryl Blundon,

Board Secretary

Auto Ins. Orders / Home