A.I. 11 (2001-2002)
IN
THE MATTER OF THE AUTOMOBILE
INSURANCE
ACT, CHAPTER A - 22,
R.
S. N. 1990.
AND
IN
THE MATTER OF AN APPLICATION BY
Optimum Frontier Insurance Company
TO
IMPLEMENT RATES FOR ITS
COMMERCIAL
CLASS OF BUSINESS.
WHEREAS by application received March 30, 2001, Optimum Frontier Insurance Company applied to the Board for approval to implement a rating program for its Commercial 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 Optimum Frontier Insurance Company for the implementation of a rating program for its Commercial class of business with base rates as follows:
|
Territory |
1 |
2 |
3 |
|
Third Party Liability |
$ 649.00 |
$ 602.00 |
$ 602.00 |
|
Collision |
179.00 |
199.00 |
219.00 |
|
Comprehensive |
115.00 |
115.00 |
115.00 |
|
Specified Perils |
68.00 |
68.00 |
68.00 |
|
Accident Benefits |
36.00 |
36.00 |
36.00 |
|
Uninsured Motorist |
13.00 |
13.00 |
13.00 |
and differentials as submitted with this filing.
2.
The
rates approved herein may not be altered or varied by the application of any
surcharge or discount which has not been filed with and approved by the Board.
3. These rates shall be effective from May 1, 2001 for new business and June 1, 2001 for renewals.
Dated at St. John's, Newfoundland, this 1st day of May, 2001.
Robert Noseworthy
Chairperson &
Chief Executive Officer
Darlene Whalen,
P.Eng.
Vice-Chairperson
G.
Cheryl Blundon,
Board Secretary