There is a newer version of the New Jersey Revised Statutes
2013 New Jersey Revised Statutes
Title 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:29AA-2 - Purposes
NJ Rev Stat § 17:29AA-2 (2013) What's This?
17:29AA-2. Purposes
The purposes of this act are:
a. To encourage independent action by price competition among insurers in the writing of commercial lines insurance;
b. To prevent practices that tend to bring about monopoly or to lessen or destroy competition; and
c. To encourage the most efficient and economic rating and marketing practices.
L.1982, c. 114, s. 2.
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