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HOUSER v. GEORGIA LIFE & HEALTH INSURANCE CO., INC.

No. 7426SC456.

206 S.E.2d 808 (1974)

22 N.C. App. 398

Paul W. HOUSER v. GEORGIA LIFE & HEALTH INSURANCE COMPANY, INC.

Court of Appeals of North Carolina.

July 17, 1974.

Attorney(s) appearing for the Case

Thomas D. Windsor, Charlotte, for plaintiff-appellee.

Jones, Hewson & Woolard by Harry C. Hewson, Charlotte, for defendant-appellant.

BALEY, Judge.

In this case it is necessary to interpret the provision of plaintiff's "Commission Schedule" which reads as follows:

"In the event the loss ratio on the business produced by the General Agent exceeds 50% on the basis of incurred losses to earned premiums, the commission scale will be reduced by 5% on both new and renewal business."

Plaintiff's loss ratio rose to a level above 50% in November 1969. Until that month, he had been receiving...

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