Panel announces review of SGI Auto Fund proposed rate adjustments
The Saskatchewan Rate Review Panel will review an application for rate adjustments to SGI’s Saskatchewan Auto Fund. The Auto Fund is the sole provider of vehicle and driver’s licensing in the province, and provides basic, universal automobile insurance coverage to all Saskatchewan residents.
The Auto Fund request includes a proposed net increase of 3.7%, with rate rebalancing affecting some rate categories. The Auto Fund has asked that the proposed rate changes take effect August 4, 2012. The Panel is to complete its review and submit its report by May 29, 2012.
The Auto Fund rate 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:
- Email at: [email protected]
- Voice messaging at: 1-877-368-7075 (Saskatoon 934-1948)
- Postal mail at: P.O. Box 1301, Saskatoon, SK S7K 3N1
- Website at: www.saskratereview.ca
“All methods for communicating with the Panel about the Auto Fund application 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 technical study of the application.
The Panel will deliver its report on the rate adjustment application to the Minister responsible for the Crown Investments Corporation by May 29, 2012. 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 rate application and provides the government with an opinion about the fairness and reasonableness of the rate change, while balancing the interests of the customer, the Crown corporation and the public.
The complete report of the Panel’s review of the SGI Auto Fund rate application can be downloaded at www.saskratereview.ca.
