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Home / Opinion Digests / Insurance / Insurance – Auto – Reinsurance Facility – Extracontractual Losses – Right to Consideration (access required)

Insurance – Auto – Reinsurance Facility – Extracontractual Losses – Right to Consideration (access required)

Pursuant to paragraph C.2 of § 5 of the North Carolina Reinsurance Facility’s Standard Practice Manual, the respondent-insurance company had the right to have its request for reimbursement of extracontractual losses considered, but the insurance company did not have the right to be reimbursed. We reverse the superior court’s decision to uphold the Insurance Commissioner’s reversal ...

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