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  5. 427 N.W.2d 859 (1988)
 

SHEET METAL CONTRACTORS v. COM'R OF INS.

No. 87-101.

427 N.W.2d 859 (1988)

SHEET METAL CONTRACTORS OF IOWA; and National Federation of Independent Business, State of Iowa, Appellants, v. COMMISSIONER OF INSURANCE OF the STATE OF IOWA, Insurance Department of Iowa and the National Council on Compensation Insurance, Appellees.

Supreme Court of Iowa.

Rehearing Denied August 11, 1988.

Attorney(s) appearing for the Case

I. John Rossi, Des Moines, and Dennis D. Hogan, West Des Moines, for appellants.

Thomas J. Miller, Atty. Gen., and Fred M. Haskins, Asst. Atty. Gen., for appellees Com'r of Ins. of Iowa and Ins. Dept. of Iowa.

Denny M. Dennis and David J. Lynch of Bradshaw, Fowler, Proctor & Fairgrave, Des Moines, for appellee Nat. Council on Compensation Ins.

Considered by McGIVERIN, C.J., and LARSON, CARTER, LAVORATO, and ANDREASEN, JJ.

CARTER, Justice.

This appeal involves the April 1, 1986, order of the Iowa Commissioner of Insurance, approving a proposed increase in workers' compensation insurance premiums. After the district court affirmed the commissioner's order, the issue was reviewed by the court of appeals. That court found that the commissioner's failure to approve the proposed premium increase within the fifteen-day time period specified in Iowa Code section 515A.6(7)(e) (1985) rendered...

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