The purposes of this chapter are: (1) To prohibit price fixing agreements and other anticompetitive behavior by insurers; (2) To protect policyholders and the public against the adverse effects of excessive, inadequate, or unfairly discriminatory rates; (3) To promote price competition among insurers to provide rates that are responsive to competitive market conditions; (4) To provide regulatory assurance that price competition exists; (5) To improve availability, fairness, and reliability of insurance; (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) To encourage the most efficient and economic marketing practices; and (8) To foster competitive insurance markets.
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