State ex rel. Commissioner of Insurance v. North Carolina Rate Bureau, 358 N.C. 232 (2004)

March 3, 2004 · Supreme Court of North Carolina · No. 596A03
358 N.C. 232
STATE OF NORTH CAROLINA EX REL. COMMISSIONER OF INSURANCE v. NORTH CAROLINA RATE BUREAU IN THE MATTER OF THE FILING DATED MAY 1, 2001 BY THE NORTH CAROLINA RATE BUREAU FOR REVISED AUTOMOBILE INSURANCE RATES PRIVATE PASSENGER CARS AND MOTORCYCLES

STATE OF NORTH CAROLINA EX REL. COMMISSIONER OF INSURANCE v. NORTH CAROLINA RATE BUREAU IN THE MATTER OF THE FILING DATED MAY 1, 2001 BY THE NORTH CAROLINA RATE BUREAU FOR REVISED AUTOMOBILE INSURANCE RATES PRIVATE PASSENGER CARS AND MOTORCYCLES

No. 596A03

ORDER

Upon consideration of the petition filed by Appellant on the 20th day of February 2004 for rehearing the decision of this Court pursuant to Rule 31 and Rule 2, N.C. Rules of Appellate Procedure, the following order was entered and is hereby certified to the North Carolina Court of Appeals:

“Denied. The Court, however, ex mero motu allows the Rate Bureau’s Petition filed on 12 November 2003 to the limited extent of addressing the following issue: Did the Commissioner incorrectly utilize investment income on capital and surplus in determining profit calculations? By order of the Court in conference, this the 3rd day of March 2004.

s/Brady, J.

For the Court”