Ind. Code § 27-1-22-1
Purpose
Indiana · Indiana Code Title 27 — Insurance · Status: effective
Cite this
- Citation
- Ind. Code § 27-1-22-1, Purpose, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1661984
- Permanent ID
ys:prov:1661984@1- SHA-256
0972a2e835396b100ce56f87628cce848bdb24c3701d42e507ec5e336a556708
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full 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.