A.I. 7 (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
ECHELON GENERAL INSURANCE COMPANY
FOR A REVISION
TO
ITS PRIVATE PASSENGER
AUTOMOBILE
INSURANCE RATING PROGRAM
WHEREAS by
application received April 20, 2000, Echelon General Insurance Company
submitted an application to the Board for approval to revise its private
passenger automobile insurance rating program by way of the introduction of CLEAR
rating groups for use with own-damages’ coverages, and
WHEREAS,
the Board has adopted for use the CLEAR rating programs in its most-recent
benchmark analysis.
IT IS THEREFORE ORDERED THAT:
Approval be and it is hereby
granted Echelon General Insurance Company for the introduction of revisions to
its private passenger automobile insurance rating program by introducing CLEAR
rating groups for its own-damages’ coverages, effective June 1, 2000 for new
business and June 10, 2000 for renewals.
Dated at St. John's, Newfoundland, this 30th day of May, 2000.
Darlene Whalen,
M.A.Sc., P. Eng.
Vice-Chairperson
G. Fred Saunders
Commissioner
G. Cheryl Blundon
Board Secretary