Golden Rule Insurance v. Insurance Department

COLINS, Judge.

Golden Rule Insurance Company (GRIC) petitions for review of a final order of Cynthia Maleski (Commissioner), the Commissioner of the Pennsylvania Department of Insurance (Department), which disapproved rate modifications for four forms of insurance policies submitted by GRIC.

On October 21, 1991, GRIC submitted revised rate tables for policy forms GR-7, GR-8, GR-102 and GR-106, which called for rate increases of 155%, 155%, 94.6%, and 76% respectively. All four of these policy forms are for “guaranteed renewable” policies. A guaranteed renewable policy allows GRIC to increase…