July 26, 2006
July 27, 2006
The Lieutenant Governor in Council makes the Automobile Insurance Rate Board Fees Amendment Regulation set out in the attached Appendix.
For Information only
Recommended by: Minister of Finance
Authority: Insurance Act
AUTOMOBILE INSURANCE RATE BOARD
FEES AMENDMENT REGULATION
1 The Automobile Insurance Rate Board Fees Regulation (AR 179/2005) is amended by this Regulation.
2 Section 4 is amended by adding the following after subsection (4):
(5) On application by an insurer, the Board may, in its discretion, waive or reduce the fee under subsection (1) or reduce the costs charged to the insurer for engaging the services of an actuary for the purpose of carrying out an approval or review under subsection (1).