Tag Archive: 45%


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Manitoba Public Insurance has been ordered to give 45% refunds to all policyholders from 2009/2010. This comes after an investigation into how much money MPI had in a reserve fund for the Personal Injury Protection Plan. When the Public Utilities Board looked into this reserve, they discovered that MPI had an extra $200 million more than is required. MPI was against the 45% refund but was forced to give it by the Public Utilities Board.For the average policyholder, the refund will be around $450 to $500 for every $1,000 of insurance premiums paid. The cheques will be mailed before the end of May.