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The Panel of Experts will examine the approach taken by the société de l’assurance automobile du québec to determine the increase in contributions.Québec City, March 3, 2006 – The Government has requested that the mandate conferred to the Panel of Experts on automobile insurance contributions go beyond the framework of public consultation. It has also asked the Panel to examine the approach taken by the Société to determine the increase in contributions. Bill 55, adopted in 2004, created the Fonds d’assurance automobile du Québec, a fund solely intended for the financing of the plan. All insurance contributions are deposited in this fund and related indemnities and expenses including the cost of prevention programs are paid out of same. Moreover, the Panel of Experts intends to examine the financial position of the plan in the light of the provisions of the Act and of the assessments made by the Société. It will also insure the pertinence of the data from which the determination of pricing classifications and the contemplated increases are based. When this step is completed and after having listened to the public, the Panel of Experts will convey its comments and recommendations to the Société. The Panel expects to file its report on June 19, 2006. This report will be made public by the Société once the Board of Directors has acknowledged it. During the course of its mandate and until its report is released, the Panel of Experts will not issue any comments on the proposed contributions changes other than comments released to facilitate the holding of the public consultation. The Panel of Experts is formed of members who are representatives of the actuarial and insurance sectors. The Panel is composed of Louise Dagnault, Chartered Accountant, Jean-François Hudon, Lawyer, and Michel Sanschagrin, Fellow of the Canadian Institute of Actuaries, who is acting chairperson. All individuals and groups are invited to take part in the public consultation starting now. They may consult our Web site www.conseilexpert.aauto.ca for useful information that will help them in their initiative. The same information may also be obtained by contacting the Panel of Experts at the numbers listed below. Source: Pierre Noël
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| © Conseil d'experts sur les contributions d'assurance automobile, 2006 | Updated 2006-05-02 |