1. (1) To prohibit price fixing agreements and other anticompetitive behavior by insurers;
2. (2) To protect policyholders and the public against the adverse effects of excessive, inadequate, or unfairly discriminatory rates;
3. (3) To promote price competition among insurers to provide rates that are responsive to competitive market conditions;
4. (4) To provide regulatory assurance that price competition exists;
5. (5) To improve availability, fairness, and reliability of insurance;
6. (6) To authorize essential cooperative action among insurers in the ratemaking process and to regulate that activity to prevent practices that tend to substantially lessen competition or create a monopoly;
7. (7) To encourage the most efficient and economic marketing practices; and
8. (8) To foster competitive insurance markets.

The purposes of this chapter are:

History of Section.
P.L. 1988, ch. 635, § 1.