A.I. 52 (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

Royal & SunAlliance Insurance Company

TO CONTINUE ITS RATING PROGRAM

FOR ITS PRIVATE PASSENGER CLASS OF BUSINESS

 

 

 

WHEREAS, by application received February 1, 2001, Royal & SunAlliance Insurance Company applied to the Board for approval to continue its rating program for its Private Passenger class of business known as “Gateway Plan” and

 

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


 

IT IS THEREFORE ORDERED THAT:

 

1.                  Approval be and it is hereby granted Royal & SunAlliance Insurance Company for the continuation of its rating program for its Private Passenger class of business, known as “Gateway”, with base rates as follows:

Territory

1

2

3

Third Party Liability

$948.68

$513.49

$378.59

Collision

$284.20

$287.59

$275.41

Comprehensive

$183.07

$132.04

$114.85

Specified Perils

$71.86

$41.00

$31.53

Accident Benefits

$89.74

$89.74

$89.74

Uninsured Motorist

$20.90

$20.90

$20.90

            and differentials as submitted with this filing.

 

 

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

multi vehicle discount                            10%

 

 

3.                  The rates shall be effective June 1, 2001 for new business and July 1, 2001 for renewals.

 

 


 

Dated at St. John's, Newfoundland, this 13th day of June, 2001.

 

 

 

                                                                 

Robert Noseworthy

Chairperson & Chief Executive Officer

 

 

 

 

                                                              

Darlene Whalen, P.Eng.

Vice-Chairperson

 

 

 

 

 

 

                                                           

Barbara Thistle

Assistant Board Secretary        

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