(a) Protect policyholders and the public against the adverse effects of excessive,
inadequate or unfairly discriminatory rates;
(b) encourage, as the most effective way to produce rates that conform to the standards
of paragraph (a), independent action by and reasonable price competition among insurers;
(c) provide formal regulatory controls for use if independent action and price competition
(d) authorize cooperative action among insurers in the rate making process, and to
regulate such cooperation in order to prevent practices that tend to bring about monopoly
or to lessen or destroy competition;
(e) encourage the most efficient and economic marketing practices; and
(f) regulate the business of insurance in a manner that will preclude application
of federal antitrust laws.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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