Rhode Island § 27-6-1 § 27-6-1. Purpose.

Rhode Island Statutes

§ 27-6-1 — § 27-6-1. Purpose.

Rhode Island·Title 27 Insurance·Ch. 27-6 Fire and Marine Insurance Rating

§ 27-6-1. Purpose.
The purpose of this chapter is to promote the public welfare by regulating insurance
            rates to the end that they shall not be excessive, inadequate, or unfairly discriminatory,
            and to authorize and regulate cooperative action among insurers in ratemaking 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 purpose of this section, uniformity in insurance
            rates, rating systems, or rating plans or practices. This chapter shall be liberally
            interpreted to carr

Free access — add to your briefcase to read the full text and ask questions with AI

§ 27-6-1. Purpose.

The purpose of this chapter is to promote the public welfare by regulating insurance rates to the end that they shall not be excessive, inadequate, or unfairly discriminatory, and to authorize and regulate cooperative action among insurers in ratemaking 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 purpose of this section, uniformity in insurance rates, rating systems, or rating plans or practices. This chapter shall be liberally interpreted to carry into effect the provisions of this section.

Rhode Island § 27-6-1 (§ 27-6-1. Purpose.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.