Carrier Claims Insurance Department Exceeded Authority in EquityComp Decision

California Insurance Co. is arguing that the state Insurance Department invalidating its side agreement with a participant in its EquityComp program should never have been issued. Attorneys for the carrier on Feb. 5 filed a petition for reconsideration saying the department's decision in Shasta Linen v. California Insurance Co. "must be rejected as it addressed issues and imposed a remedy that were beyond the limited jurisdiction and powers of the (administrative law judge) and the commissioner."  The carrier claims the administrative law judge analyzed issues that were be...