33-16-101. Purpose and intent. (1) The purpose of this chapter is to promote the public welfare by regulating insurance rates as herein provided to the end that they shall not be excessive, inadequate, or unfairly discriminatory, to authorize the existence and operation of qualified rating organizations and advisory organizations and require that specified rating services of such rating organizations be generally available to all admitted insurers, and to authorize cooperation between insurers in ratemaking and other related matters.
(2) It is the express intent of this chapter to permit and encourage competition between insurers on a sound financial basis, and nothing in this chapter is intended to give the commissioner power to fix and determine a rate level by classification or otherwise.
History: En. Sec. 1, Ch. 362, L. 1969; R.C.M. 1947, 40-3634.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 16. Rates -- Rating and Advisory Organizations
33-16-105. Maintenance of records
33-16-107. Information not to be willfully withheld
33-16-108. through 33-16-110 reserved
33-16-111. Issuance of order -- suspension or revocation of certificate of authority or license
33-16-112. Failure to comply with order -- suspension or revocation of license or certificate
33-16-113. Appeal from order or decision of commissioner
33-16-115. Acts done by authority of chapter not violation of other laws
33-16-116. Administration or enforcement -- supplementation or modification