A.I. 8 (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

The Halifax Insurance Company of Canada

TO IMPLEMENT REVISED RATES FOR ITS

COMMERCIAL CLASS OF BUSINESS.

 

 

 

 

WHEREAS by application received March 16, 2001, The Halifax Insurance Company of Canada applied to the Board for approval to implement a revised 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.                  Order No. A.I. 28 (1998-99) be and it is hereby rescinded.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 Commercial class of business with base rates as follows:                    

 

All Territories

Third Party Liability

$ 587.00

Collision

$ 179.00

Comprehensive

$ 124.00

Specified Perils

$   63.00

Accident Benefits

$   21.00

Uninsured Motorist

$   11.00

All Perils

$ 263.00

 

                        and differentials as submitted with this filing.

 

 

3.                  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.

 

4.         These rates shall be effective from June 1, 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

 

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