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Newfoundland and Labrador
Regulation 2005


NEWFOUNDLAND AND LABRADOR REGULATION 65/05

NEWFOUNDLAND AND LABRADOR
REGULATION 65/05

Automobile Insurance Regulations (Amendment)
under the
Automobile Insurance Act
(O.C.2005-454)

(Filed August 30, 2005)

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 St. John’s, August 25, 2005.

Robert C. Thompson
Clerk of the Executive Council

REGULATIONS

Analysis


        1.   Ss.15 & 16 Added
15.   Restriction on rate
        increase
16.   Application of rate
        increase prohibited

 

 

 


NLR 81/04
as amended

        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.