ORDERS:
CONSENT ORDER
1. On December 1, 1997, 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 Insurance Services Office, Inc. (ISO)
requesting an approval of an overall decrease of -4.6% in its private passenger automobile pure loss
cost component.
2. On December 8, 1997, 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 Ray N.
Stevens under the Docket No. 97-ALJ-09-0727-CC. The hearing on the matter has been scheduled
for February 23, 1998.
4. Meanwhile, the Consumer Advocate and ISO engaged in discussions with respect to
this filing and came to the following agreement:
In order to accommodate the Consumer Advocate's concerns, ISO will make a good faith effort to utilize calendar year 1997 experience in conjunction with an effective date of
8/l/1999 or 9/1/1999 in the next Private Passenger Automobile Filing. This will reduce the
trending gap by approximately 4 months from the current filing. In the event ISO cannot use
calendar year 1997 experience, it will make a good faith effort to use a trend period no longer
than that which it would have used had such data been available, i.e. 4 months less than the
current trend period. This assumes that the indications, in ISO's judgment, warrant a loss
cost filing. This also assumes that ISO can make a filing with 1997 South Carolina Act No. 154
auto
reform changes with an effective date of March 1, 1999 and also file an experience review with an effective date of 8/1/1999 or 9/1/1999.
5. The Respondent, South Carolina Department of Insurance, in its Prehearing Statement
of December 22, 2997, stated that it had no opposition to the filing. Since there are no unresolved
issues remaining, all parties agree to the dismissal of this matter.
NOW, THEREFORE IT IS ORDERED that this case is dismissed, and
IT IS SO ORDERED.
RAY N. STEVENS
Administrative Law Judge
February 9th, 1998
Columbia, South Carolina
WE CONSENT:
John Paul Halvorsen, Esquire
Counsel
Insurance Services Office, Inc.
7 World Trade Center
New York, NY 10048-1199
Gwendolyn L. Fuller, Esquire
General Counsel
South Carolina Department of Insurance
Post Office Box 100105
Columbia, SC 29202-3105
Hana Pokorna-Williamson, Esquire
Staff Attorney
South Carolina Department of
Consumer Affairs
P. O. Box 5757
Columbia, SC 29250-5757
NOTE: Consent Order prepared by Hana Pokorna-Williamson, Attorney for Intervenor,
Department of Consumer Affairs |
