Ind. Code § 27-1-22-1
This is the official text of Ind. Code § 27-1-22-1, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Purpose
Official statutory text
Sec. 1. The purpose of this chapter is to promote the public welfare by empowering the commissioner of insurance to regulate insurance rates to the end that they shall not be excessive, inadequate, or unfairly discriminatory, and to encourage reasonable competition among insurance companies (referred to in this chapter as insurers) and to permit and regulate, but not require, cooperative action among insurers as to rates, rating systems, rating plans and practices, and other matters within the scope of this chapter. This chapter shall be liberally interpreted to carry into effect the provisions of this section.
Formerly: Acts 1967, c.133, s.1. As amended by P.L.252-1985, SEC.104.
Formerly: Acts 1967, c.133, s.1. As amended by P.L.252-1985, SEC.104.
Status: in_force · Read it on the official government site
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