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"Automobile Insurance Premiums Regulation "

Automobile Insurance Premiums Regulation

Under the Insurance Act, the Automobile Insurance Premiums Regulation establishes the approval process for automobile insurance rating programs, requires an annual review of automobile insurance trends and premiums relating to basic and additional coverage for private passenger vehicles (PPVs) and establishes a ‘grid’ mechanism used to determine the base premium for basic coverage for PPVs. No insurer may charge more for basic coverage for PPVs than the amounts calculated with the grid.
 
    Chapter/Regulation: 117/2014
    Status: Current
    Related Act
    Ministry Responsible: Treasury Board and Finance
    Item/ISBN#: 9780779780990
    Pages 21
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