This is an official version. Copyright © 2006: Queen's Printer, Important Information
Newfoundland
and Labrador
Automobile Insurance Regulations (Amendment) (Filed Under the authority of section 60(1)(d.1) of the Automobile Insurance Act, the Lieutenant-Governor in Council makes the following regulations. Dated at Robert C. Thompson REGULATIONS Analysis 1.
Ss.15 & 16 Added NLR 81/04 1. The Automobile Insurance Regulations are amended by adding immediately after section 14 the following: Restriction on rate increase 15. Where an insurer files a proposal to increase rates with the board under section 51 of the Act, a proposed rate increase the board determines is the result of the coming into force of paragraph 4(1)(e.1) of the Automobile Insurance Prohibited Underwriting Regulations is prohibited for the 12 month period beginning on August 1, 2005 unless the insurer can demonstrate to the board that the increase is justified. Application of rate increase prohibited 16. A
rate increase based solely on the coming into force of paragraph 4(1)(e.1) of
the Automobile Insurance Prohibited
Underwriting Regulations that would otherwise apply to an insured to whom
subsection 4(2.1) of those regulations applies is prohibited for the 12 month
period beginning on August 1, 2005 unless the insurer can demonstrate to the
board that the increase is justified. ©Earl G. Tucker, Queen's Printer |