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.
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