State ex rel. Commissioner of Insurance v. State ex rel. Attorney General

MORRIS, Judge.

Intervenor poses as his first question for consideration the following: “Did the Commissioner of Insurance err in failing to make findings of fact necessary to support the determination that the present rates are inadequate because they are not producing a fair and reasonable profit to the companies writing automobile physical damage insurance in North Carolina?”

Among the facts found by the Commissioner is the following:

“7. The Bureau included in its expense figures a figure of 5% of earned premiums for underwriting profit and contingencies. This percentage figure has been…