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

COZORT, Judge.

The North Carolina Rate Bureau appeals an Order of the Commissioner of Insurance disapproving the Bureau’s 1 July 1988 rate filing and ordering into effect overall decreases in the existing rates. We vacate and remand.

On 1 July 1988, the North Carolina Rate Bureau filed for rate level changes for private passenger automobile and motorcycle insurance. The filing indicated a need for an overall average rate increase of 6.4% for liability and physical damage coverages for non-fleet private passenger automobiles and an overall average rate level adjustment of - 0.3% for motorcycle…