make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

Guess Again

the Insurance Commissioner has no right to deny an insurance carrier a rate increase.

When an insurance company, or the NC Rate Bureau which represents most insurance companies, files for a rate increase, they have to back it up with a ton of specific loss data.

At that point, the Commissioner can challenge the rate increase request. In that scenario, a court hearing is held; both sides make their case; and a judge issues a ruling based on facts.

Anyone who thinks the Commissioner is a diety with all encompassing power in the insurance world, needs to check again.


The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
Please re-enter the code shown in the image below.