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MATTER OF COMMISSIONER OF INSURANCE'S ISSUANCE OF ORDERS A-92-189 AND A-92-212

137 N.J. 93 (1994)

644 A.2d 576

IN MATTER OF THE COMMISSIONER OF INSURANCE'S ISSUANCE OF ORDERS A-92-189 AND A-92-212, AND ADOPTION OF AMENDMENT TO N.J.A.C. 11:3-20.5 AND ADOPTION OF N.J.A.C. 11:3-20-APPENDIX.

The Supreme Court of New Jersey.

Decided June 14, 1994.

Attorney(s) appearing for the Case

Thomas P. Weidner argued the cause for appellants State Farm Mutual Automobile Insurance Company, Selective Insurance Company, and Hanover Insurance Company (Jamieson, Moore, Peskin & Spicer, attorneys; Mr. Weidner and Lee R. Jamieson, of counsel and on the briefs).

Joseph L. Yannotti, Assistant Attorney General, argued the cause for respondent, Commission of Insurance (Alexander P. Waugh, Acting Attorney General of New Jersey, attorney; Mary C. Jacobson, Assistant Attorney General, of counsel; Marilyn S. Silvia, Deputy Attorney General, on the brief).

PER CURIAM.

The judgment is affirmed, substantially for the reasons expressed in the opinion of the Appellate Division, reported at 274 N.J.Super. 385, 644 A.2d 616 (1993).

GARIBALDI, J., dissenting.

In 1988 the Legislature enacted the present Excess Profits Law (EPL). L. 1988, c. 118. The statute's purpose, according...

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