I-1Part 1 - Non-Confidential
7 passages
NON-CONFIDENTIAL Insurer Name: IAO Subscriber Companies Group Name: IAO Actuarial Consulting Services Inc., Aon Canada Inc. Category of Insurance: Commercial Vehicles SUMMARY OF INFORMATION NC-1 Describe the proposed changes by checking al...
AI summary The document outlines a filing related to insurance rate changes, including options for base rate changes, classification adjustments, and the introduction of new elements using predictive modeling or non-traditional approaches. The filing is categorized under commercial vehicle insurance and is part of a non-confidential submission.
NC-4 State other categories of automobile insurance that may be affected by this proposed rate change (e.g., public vehicle rates that are dependent on private passenger vehicle rates), and the rate level change percentage (as per section...
AI summary The text requires identifying other categories of automobile insurance affected by a proposed rate change, specifically public vehicle rates dependent on private passenger vehicle rates, and the percentage change in rate levels. All changes must be based on dependent categories, with non-dependent changes submitted separately.
Certificate of the Actuary I, Debarshi Chatterjee , a Fellow of the Canadian Institute of Actuaries, have been authorized to prepare a rate filing on behalf of IAO Subscriber Companies (Company) and hereby CERTIFY THAT: 1. This rate filing...
AI summary The Certificate of the Actuary, signed by Debarshi Chatterjee, certifies that the rate filing for Commercial Vehicles in the automobile insurance category is reasonable and based on reliable data and appropriate methodologies. The actuarially indicated rates and risk classification differentials are deemed just and reasonable.
FOR USE AFTER MARCH 1, 2026 Company Name IAO Actuarial Consulting Services Inc. Implementation Dates Month Day Year New Business July 1 2026 Renewal Business July 1 2026 Month Day Year Status of Profiles Original filed on March 31 2026 Ins...
AI summary This document outlines implementation dates and status for actuarial consulting services, effective July 1, 2026, with original profiles filed on March 31, 2026. Instructions are provided for completing the form using drop-down lists and amending applications.
Classification Treatment: By operator, specify class, driving record, rate group, etc., and the % amount of any applicable discounts or surcharges. (IBC VC: 3873 00) Current: RATE GROUPS - DCPD 16, CL 16, CM 16 DRIVING RECORD 6 No Discount...
AI summary The document outlines current and proposed rate groups and classifications for commercial vehicle insurance, specifically for a delivery driver with no accidents or convictions. It includes details about the operator, vehicle, and company involved in the insurance classification treatment.
Current: RATE GROUPS - DCPD 14, CL 14, CM 14 DRIVING RECORD 6 No Discounts Apply Proposed: RATE GROUPS - DCPD 13, CL 13, CM 13 CLASS 36 DRIVING RECORD 6 Company Name: IAO Actuarial Consulting Services Inc. Profile 3 - Commercial Vehicle: W...
AI summary The document outlines current and proposed rate groups for DCPD, CL, and CM, specifically for Class 36 with a driving record of 6. It includes details about a commercial vehicle operator, including demographics, driving history, and vehicle information.
Classification Treatment: By operator, specify class, driving record, rate group, etc., and the % amount of any applicable discounts or surcharges. Current: RATE GROUPS - DCPD 28, CL 28, CM 28 CLASS 42 DRIVING RECORD 6 No Discounts Apply P...
AI summary The text outlines current and proposed rate groups and classifications for DCPD 28, CL 28, and CM 28 under Class 42 and Driving Record 6, with no discounts applying. It also mentions the involvement of IAO Actuarial Consulting Services Inc. in providing actuarial services for commercial vehicle profiles.