ORDERS:
CONSENT ORDER AND ORDER OF DISMISSAL
1. On January 31, 2000, Philip S. Porter, Consumer Advocate for the State of South Carolina (the Consumer Advocate)
requested the South Carolina Department of Insurance (the Department) to initiate a public hearing on the filing of
Standard Fire Insurance Company (the Company) requesting an approval of an overall increase of +5.6% in its
homeowners insurance rates.
2. On February 8, 2000, the Department filed with the Administrative Law Judge Division an Agency Transmittal Form
requesting a public hearing.
3. The Administrative Law Judge Division assigned this matter to Honorable C. Dukes Scott under the Docket No. 00-ALJ-09-0056-CC. The hearing on the matter has been scheduled for May 24, 2000, at 9:30 A.M.
4. Meanwhile, the Consumer Advocate requested additional information from the Company. Specifically, the Consumer
Advocate was concerned about the sufficiency of the information supporting the rate rquest and he also questioned the
methodology used by the Company to develop catastrophe loading.
In response to the Consumer Advocate's request for information, the Company revised Exhibits I, IV, V, VI, VII, added
new Exhibit VIII and revised Exhibits IX, X and XI. As a result of these amendments, the overall rate level effect is revised
from +5.6% to +5.2%. The entire amended filing is attached to this Order as Attachment 1.
5. Based on these amendments and revisions to the filing, the Consumer Advocate believes that the filing now contains
sufficient supporting information and will result in rates that are not excessive, inadequate or unfairly discriminatory, and
now withdraws his original request for a hearing in this matter.
6. There are no unresolved issues remaining; therefore, all parties agree to the dismissal of this matter.
NOW, THEREFORE, the above referenced matter is dismissed.
IT IS SO ORDERED.
_____________________________
C. DUKES SCOTT
ADMINISTRATIVE LAW JUDGE
April 10, 2000
Columbia, South Carolina
WE CONSENT:
_____________________________ ______________________________
Thomas C. Salane, Esquire T. Douglas Concannon, Esquire
Attorney for the Petitioner Standard Associate General Counsel
Fire Insurance Company South Carolina Department
Turner, Padget, Graham & Laney of Insurance
P.O. Box 1473 P.O. Box 100105
Columbia, SC 29202 Columbia, SC 29202-6160
_____________________________
Hana Pokorna-Williamson, Esquire
Staff Attorney
South Carolina Department of
Consumer Affairs
P.O. Box 5757
Columbia, SC 29250-5757 |
