The Panel of Experts has the mandate to review the approach taken and the data used in
support of the regulatory amendments to the insurance contributions contemplated by the SAAQ.
It must also hold a public consultation to examine these amendments by publishing a notice to that
effect in the Gazette officielle du Québec and in at least one French language and one English language
daily newspaper of its choice.
Within the scope of its mandate, the Panel of Experts must:
- Evaluate the rating criteria for insurance contributions adopted by the SAAQ and ascertain that they correspond, in particular, to the principles of self financing of the plan, of indemnification by road vehicle users, of equity and of administrative feasibility;
- Confirm the total expenditure the SAAQ considers necessary to cover the costs of the indemnities resulting from accidents that occur during the period for which the insurance contributions are fixed and all the other costs borne by the Fonds d’assurance automobile du Québec for that period;
- Assess the measures taken to promote accident prevention and highway safety in order to reduce the risks associated with driving. These measures are assessed by the Table québécoise de la sécurité routière, which then presents its recommendations to the Government;
- Consider the risks inherent to each class of road vehicle and insured and the equity to be maintained between classes of road vehicles and insureds;
- Ensure that the insurance contributions are fair and reasonable;
- Consider the financing policy of the SAAQ, the actuarial forecasts, the valuation of the actuarial liability and, where applicable, the need for recapitalization in the event of insufficient assets;
- Consider the quality of the service provided to the insureds by the SAAQ and any change made to the automobile insurance plan;
- Consider the economic and social concerns indicated by the SAAQ and the
public.
The mandate of the Panel of Experts is set out in accordance with sections 17.6 and 17.7
of
An Act respecting the Société de l’assurance automobile du Québec (R.S.Q., c. S-11.011).
|
The mandate of the members of the Panel of Experts on automobile insurance contributions started on May 18, 2011,
in accordance with the appointment order. |
