Legislation
SECTION 2301
Purpose
Insurance (ISC) CHAPTER 28, ARTICLE 23
§ 2301. Purpose. The purpose of this article is to promote the public
welfare by regulating insurance rates to the end that they not be
excessive, inadequate or unfairly discriminatory, to promote price
competition and competitive behavior among insurers, to provide rates
that are responsive to competitive market conditions, to improve the
availability and reliability of insurance and to authorize and regulate
cooperative action among insurers within the scope of this article.
welfare by regulating insurance rates to the end that they not be
excessive, inadequate or unfairly discriminatory, to promote price
competition and competitive behavior among insurers, to provide rates
that are responsive to competitive market conditions, to improve the
availability and reliability of insurance and to authorize and regulate
cooperative action among insurers within the scope of this article.