O.C. 55/2015
A.R. 29/2015

February 26, 2015


            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:          President of Treasury Board and Minister of Finance

Authority:                           Insurance Act
                                             (section 599)


 

APPENDIX

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(1)  Section 3(1) is amended by repealing D and substituting the following:

                                D     is the Board’s annual budget approved by the Minister for the fiscal year, less the estimated amount budgeted for costs recovered under section 4, plus or minus, as the case may be, any accumulated surplus or shortfall of prior years.

(2)  Subsection (1) applies to the 2015-2016 fiscal year and subsequent fiscal years.

 

3   Section 4(1)(c) is repealed.

 

4   Section 5 is repealed.

 

5   Section 6 is amended by striking out “August 31, 2015” and substituting “August 31, 2020”.