41-1402 — PURPOSE OF LAW -- INTERPRETATION

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                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 14
                           PROPERTY INSURANCE RATES
    41-1402.  PURPOSE OF LAW -- INTERPRETATION. (1) The purpose of this
chapter is to promote the public welfare by regulating insurance rates as
herein provided to the end that they shall not be excessive, inadequate or
unfairly discriminatory, and to authorize and regulate cooperative action
among insurers in rate making and in other matters within the scope of this
chapter.
    (2)  It is the express intent of this chapter to permit and encourage
competition between insurers on a sound financial basis, and nothing in this
chapter is intended to give the director power to fix and determine a rate
level by classification or otherwise.
    (3)  This chapter shall be liberally interpreted to carry into effect the
provisions of this section.