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MATTER OF PLAN FOR ORDERLY WITHDRAWAL OF TWIN CITY FIRE INS. CO.

248 N.J. Super. 616 (1991)

591 A.2d 1005

IN THE MATTER OF THE "PLAN FOR ORDERLY WITHDRAWAL FROM NEW JERSEY" OF TWIN CITY FIRE INSURANCE COMPANY.

Superior Court of New Jersey, Appellate Division.

Decided June 11, 1991.

Attorney(s) appearing for the Case

Wesley S. Caldwell, III, argued the cause for appellants Twin City Fire Insurance Company, et al. (LeBoeuf, Lamb, Leiby & MacRae, attorneys; Wesley S. Caldwell, of counsel and on the brief).

Jack M. Sabatino, Assistant Attorney General, argued the cause for respondent New Jersey Department of Insurance (Douglas S. Eakeley, Acting Attorney General, attorney; Jack M. Sabatino, of counsel; Stephen P. Tasy and Carol Johnston, Deputy Attorneys General, on the brief).

Elmer M. Matthews argued the cause for Amicus Curiae American Insurance Association (Clapp & Eisenberg, attorneys; Elmer M. Matthews, Frederic S. Kessler and Harvey C. Kaish, on the brief).

Before Judges BRODY, GRUCCIO and D'ANNUNZIO.

The opinion of the court was delivered by BRODY, J.A.D.

The Legislature enacted the Fair Automobile Insurance Reform Act of 1990, L. 1990, c. 8 (Reform Act), to reduce the high cost of mandatory passenger automobile insurance. Among the strategies for accomplishing this goal, the Reform Act provides for phasing out what the Legislature identified as an unnecessary component of that high cost: maintaining the New Jersey Automobile Full Insurance Underwriting...

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