State Ex Rel. Commissioner of Insurance v. North Carolina Rate Bureau

CARLTON, Justice.

I

On 30 June 1978 the North Carolina Rate Bureau, on behalf of its member companies and the North Carolina Reinsurance Facility, filed with the Commissioner of Insurance a proposed revised premium rate schedule for automobile insurance, including bodily injury and property damage liability, medical payments and physical damage insurance for non-fleet private passenger automobiles. The filing stated that calculations substantiated the need for a statewide average increase of 15.7% over rates then in effect. The filing noted that rates effective at that time had become effective…