Insurance Law 2301 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search up ARTICLE 23 Property/casualty Insurance Rates next SECTION 2302 Applicability Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email 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.