A.I. 4 (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
Trafalgar Insurance Company of Canada
TO IMPLEMENT REVISED RATES FOR ITS
PRIVATE PASSENGER CLASS OF BUSINESS.
WHEREAS, by
application received March 22, 2001, Trafalgar 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 it conforms with the Benchmarks and should be approved as filed.
IT IS THEREFORE
ORDERED THAT:
1. Order
No. A.I. 36 (1998-99) be and it is
hereby rescinded.
2. Approval be and it is hereby granted Trafalgar 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
Liability |
$
693.00 |
$
384.00 |
$
278.00 |
|
Collision |
174.00 |
212.00 |
215.00 |
|
Comprehensive |
106.00 |
85.00 |
102.00 |
|
Specified
Perils |
31.00 |
17.00 |
16.00 |
|
Accident
Benefits |
49.00 |
49.00 |
49.00 |
|
Uninsured
Motorist |
19.00 |
10.00 |
7.00 |
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. |
farmer’s |
40% |
third
party liability, collision, comprehensive,
specified perils |
|
ii. |
student |
50% |
third
party liability, collision, comprehensive,
specified perils |
4. These
rates shall be effective May 15, 2001 for new business and July 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