NDP Leader Ryan Meili speaks in Regina on Sept. 10, 2020, promising to cut SGI auto insurance premiums and to give policyholders a $100 rebate. (Joseph Ho/980 CJME)
In pre-campaign announcement, Meili promises rebates, break on auto insurance
Sep 10, 2020 | 6:00 PM
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Saskatchewan NDP Leader Ryan Meili is promising to have SGI cut auto premiums by seven per cent and to give policyholders a $100 rebate if he’s elected premier in the fall election.
The money would come from SGI’s Rate Stabilization Reserve (RSR), a fund that acts as a cushion to prevent big hikes to insurance rates in response to unforeseen events.
In a pre-campaign announcement Thursday morning in Regina, Meili said that fund has grown beyond what is necessary, sitting $117 million above the Crown corporation’s target.
He said it’s only fair to return money that has been overpaid, especially at a time when many are struggling financially.
