Should the insurance rate increase be denied then the customer should be required to create a document, which is notarized and sent by registered mail, to a specific person. The insurance company should not be required to give that persons name. Then consideration for a refund will be made.

OK. Sorry for the sarcasm. It seems that there are certain establishments that are given powers that are incomprehensible. All’s fair in love and war seems to apply to such organizations. Whatever makes a profit.



>As terrible as banks are (and believe me I KNOW) nothing comes close to how North Carolina handles insurance rate hikes. North Carolina requests an insurance rate hike and then it goes through a long process for approval (I'll leave out the specifics). In the meantime, North Carolina insurance companies CHARGE THE RATE INCREASE to the insureds. They POCKET The money while the approval process is still in progress. They get to make interest on the money, etc. If the rate is denied or a lower rate is implemented, then the insurance companies have to rebate the customers (if they can locate them). However, in the meantime, they have had the use of the customer's money for MONTHS while the rate increase was being processed for approval/disapproval. To me, that should be illegal.
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