Insurance Law 2401 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search up ARTICLE 24 Unfair Methods of Competition and Unfair and Deceptive Acts and Practices next SECTION 2402 Definitions Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 2401 Purpose Insurance (ISC) CHAPTER 28, ARTICLE 24 § 2401. Purpose. The purpose of this article is to regulate trade practices in the business of insurance, including the business of life settlements, in accordance with the intent of congress as expressed in Public Law 15, 79th Congress, by defining, or providing for the determination of, all such practices in this state that constitute unfair methods of competition or unfair or deceptive acts or practices and by prohibiting the trade practices so defined or determined.