Bentley v. Allstate Insurance Co.

Undercofler, Justice.

The Court of Appeals held the Insurance Commissioner erred in disapproving Allstate Insurance Company’s 1969 homeowners’ insurance premium rates. Allstate Ins. Co. v. Bentley, 122 Ga. App. 738 (178 SE2d 700). We granted certiorari. Held:

1. The Georgia Insurance Commissioner may disapprove an insurance rate as excessive when "(1) such rate is unreasonably high for the insurance provided and (2) a reasonable degree of competition does not exist in the area with respect to the classifica*709tion to which such rate is applicable.” Ga. L. 1967, pp. 684, 690 (Code Ann. §56-507…