State ex rel. Commissioner of Insurance v. North Carolina Rate Bureau

EAGLES, Chief Judge.

The North Carolina Rate Bureau (“Bureau”) appeals from an order entered by the North Carolina Commissioner of Insurance (“Commissioner”) that denied the Bureau’s request for an adjustment in automobile insurance rates. The Bureau asserts four arguments on appeal: (1) the Commissioner improperly considered investment income on capital and surplus funds while deriving his underwriting profit provisions; (2) the Commissioner did not give due consideration to dividends and deviations; (3) the Commissioner overstated the amount of investment income generated from…