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 rate-making and in other matters within the scope of this chapter. Nothing in this chapter is intended:
(1) To prohibit or discourage reasonable competition; or
(2) Prohibit or encourage, except to the extent necessary to accomplish the aforementioned purpose, uniformity in insurance rates, rating systems, rating plans, or practices.
This chapter shall be liberally interpreted to carry into effect the provisions of this section.
Structure Code of Alabama
Chapter 13 - Rates and Rating Organizations.
Article 1 - General Provisions.
Section 27-13-1 - Purpose of Chapter; Construction Thereof.
Section 27-13-2 - Administration of Laws Relating to Rates and Rating Systems.
Section 27-13-3 - Filing of Data or Information by Insurers.
Section 27-13-4 - Rules and Regulations.
Section 27-13-5 - Disposition of Licenses Collected From Rating Organizations.