Mortgage Guaranty Insurance Corp. v. Langdon

McCLINTOCK, Justice, Retired,

dissenting, in which RAPER, Justice, joins.

I disagree with the majority’s handling of this case. They impose upon the Insurance Commissioner the requirement that he take into consideration certain “value factors” which attach to utilization of mortgage guaranty insurance. What this boils down to is that the Commissioner, when reviewing rate structures, must evaluate, consider, and weigh the benefit the citizenry of this state receives from the availability of the insurance against the inequities in the proposed rate structure. Accordingly, if the withdrawal of the…