2009 Business Expense Return of Premiums - Nov.2010

The CBIA is excited to announce that, as a result of better than anticipated financial performance, we are able to provide our Business Expense certificate owners with a refund of more than 79% of their 2009 paid premiums!

Although we strive to maintain our no-profit, break-even pricing goal, on occasion our plans will perform much better than anticipated. This can help generate financial results that exceed our predicted long term requirements. While most companies would keep this as profit, it is our practice to share this financial success with our customers. Such is the case with the $1.85 million now being returned.

While we cannot guarantee our future performance, over the last decade most CBIA clients have benefitted from a combination of over $37,000,000 in returned premiums, rate reductions, and improved benefits. We are not aware of any other coverage that can provide you with this benefit.
If you have not already done so, now is a great opportunity to re-evaluate your insurance needs. Call your Authorized CBIA Representative for more information.

Details of the 2009 Return of Premium program for Business Expense:

• Eligible Business Expense certificate owners will receive a cheque in an amount equal to 79.3% of paid 2009 policy year (December 1, 2008 to November 30, 2009) premiums.

• Only Business Expense certificates that are in-force and had premiums paid during the 2009 policy year and continue to be in-force on November 30, 2010 qualify for a return of premium.

• Insureds that did not pay premiums during the 2009 policy year due to a waiver of premium benefit claim, do not qualify for this offer.