ORDERS:
ORDER
APPROVING SETTLEMENT AGREEMENT,
AUTHORIZING THE SOUTH CAROLINA DEPARTMENT
OF INSURANCE TO ENTER THE RATE APPROVAL
ORDER AND DISMISSING CASE WITHOUT PREJUDICE
This matter coming before the Court for consideration of the Settlement Agreement dated as of July 14, 2005, attached hereto as Exhibit A (the “Settlement Agreement”); the Court having considered the Settlement Agreement and the form of the proposed Rate Approval Order attached hereto as Exhibit B (the “DOI Rate Approval Order”); and the Court having been fully advised in the premises;
THE COURT HEREBY FINDS AS FOLLOWS:
A. Allstate Indemnity Company (“Allstate Indemnity”), Allstate Insurance Company (“Allstate Insurance” and together with Allstate Indemnity referred to herein as “Allstate”) and the South Carolina Department of Insurance (the “DOI” and together with Allstate referred to herein as the “Parties”) entered into the Settlement Agreement on or about July 14, 2005.
B. The Parties entered into the Settlement Agreement for the purpose of resolving the Contested Cases arising from the Rate Filings and the DOI Orders related thereto.
C. The agreements contained within the Settlement Agreement are fair and reasonable in all respects.
D. The South Carolina Consumer Advocate has approved the terms of the Settlement Agreement.
NOW THEREFORE, IT IS HEREBY ORDERED AS FOLLOWS:
1. The Settlement Agreement is hereby approved in all respects.
2. The DOI is hereby authorized to issue an Order approving the Rate Filings (as modified in the Settlement Agreement) in the form attached hereto as Exhibit B.
3. This case is hereby dismissed without prejudice and subject to the right of any of the Parties to reopen this case in order to enforce the terms of the Settlement Agreement.
IT IS SO ORDERED.
______________________________
JOHN D. GEATHERS
Administrative Law Judge
July 22, 2005
Columbia, South Carolina |
