Panel announced review of Saskatchewan Auto Fund proposed rate adjustments
The Saskatchewan Rate Review Panel will review an application for proposed rate adjustments to SGI’s Saskatchewan Auto Fund. The Auto Fund is the sole provider of vehicle and driver licensing in the province, and provides basic, universal vehicle insurance coverage to all Saskatchewan residents.
The Auto Fund request includes a proposed net increase of 1.03%, with rate rebalancing. The rate proposal also includes a 1.23% surcharge on every vehicle, for three years, to be applied after rate rebalancing. The surcharge would replenish the Auto Fund’s Rate Stabilization reserve. The proposed overall 2.27% increase would take effect August 31, 2013.
The Auto Fund application and other documents will be posted on the Panel’s website, www.saskratereview.ca, as they become available. The Rate Review Panel invites comments or questions from the public by:
- Attendance at the public meetings
- Email at: [email protected]
- Voice messaging at: 1-877-368-7075 (Saskatoon 306-934-1948)
- Postal mail at: P.O. Box 1301, Saskatoon, SK S7K 3N1
- Website at: www.saskratereview.ca
The Panel will hold public meetings at the Delta Regina on April 9 at 7:30 p.m. and at the Saskatoon Travelodge on April 22 at 7:30 p.m.
“All methods of communication with the Panel, including public meetings, will be advertised,” says Panel Chair Kathy Weber. “Input from the public is an important component of every review process.”
The Panel will also commission a detailed, independent technical study of the application, so that it can provide an expert outside opinion as part of its review. The Panel will deliver its report on the rate application to the Minister responsible for the Crown Investments Corporation by June 12, 2013. The provincial Cabinet makes the final decision on the rate request.
The Saskatchewan Rate Review Panel advises the Government of Saskatchewan on rate applications proposed by SaskEnergy, SaskPower and the SGI Auto Fund. The Panel reviews each application and provides the government with an opinion regarding the fairness and reasonableness of the rate change, while balancing the interests of the customer, the Crown corporation and the public.
