ANOTHER REASON TO BE A CMMG MEMBER…
(AND PASS THIS INFORMATION ON TO YOUR SKEPTICAL MOTORCYCLE FRIENDS WHO ARE NOT)
In addition to getting favourable adjustments for wildlife and livestock claims for 2011, the Public Utilities Board has just issued a revised order to increase this year’s rebate to 45% for all vehicle premiums paid (including motorcycles) in the 2009/10 premium year. This rebate results from CMMG’s (as well as other interveners) intervention at Public Utilities Board hearings.
Our solicitor emails as follows: “Unbelievable – 45% rebate – this is unprecedented in the country! Following on the great gains we made last fall in getting wildlife/livestock losses spread across all vehicle classes & the loss transfer issue we won, this should be a huge coup to motorcyclists.”
See a copy of the PUB order here; however, the last paragraph says it all:
Article Link: http://www.cmmg.org/welcome-to-the-cmmg-website/cmmg-accomplishments/
IT IS THEREFORE ORDERED THAT:
1. Order 122/10 is hereby varied, such that MPI shall issue a 45% rebate of 2009/10 vehicle premiums in 2011, and by no later than May 31, 2011, upon production to the Board of its audited 2010/11 financial statements.
THE PUBLIC UTILITIES BOARD
“GRAHAM LANE, C.A.” Chairman “HOLLIS SINGH” Secretary