North Dakota § 26.1-25-01 Purpose of chapter - Construction

North Dakota Statutes

§ 26.1-25-01 — Purpose of chapter - Construction

North Dakota § 26.1-25-01

Title 26.1Insurance

Ch. 26.1-25Fire, Property, and Casualty Insurance Rates

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Bluebook

N.D. Cent. Code § 26.1-25-01 (2026).

Text

The purpose of this chapter is to promote the public welfare by regulating insurance rates
so that they are not excessive, inadequate, or unfairly discriminatory, and to authorize and
regulate limited cooperative action among insurers in ratemaking-related activities and in other
matters within the scope of this chapter. Nothing in this chapter is intended to prohibit or
discourage reasonable competition, or to prohibit, or encourage except to the extent necessary
to accomplish the aforementioned purpose, uniformity in rating systems, rating plans, or
practices. This chapter must be liberally interpreted to carry into effect this section.

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The purpose of this chapter is to promote the public welfare by regulating insurance rates
so that they are not excessive, inadequate, or unfairly discriminatory, and to authorize and
regulate limited cooperative action among insurers in ratemaking-related activities and in other
matters within the scope of this chapter. Nothing in this chapter is intended to prohibit or
discourage reasonable competition, or to prohibit, or encourage except to the extent necessary
to accomplish the aforementioned purpose, uniformity in rating systems, rating plans, or
practices. This chapter must be liberally interpreted to carry into effect this section.