Sec. 1. PURPOSE. This article governs the regulation of insurance described by Section 2 of this article. The purposes of this article are to:
(1) promote the public welfare by regulating insurance rates to prohibit excessive, inadequate, or unfairly discriminatory rates;
(2) promote availability of insurance;
(3) promote price competition among insurers to provide rates and premiums that are responsive to competitive market conditions;
(4) prohibit price-fixing agreements and other anticompetitive behavior by insurers;
(5) regulate the insurance forms used for lines of insurance subject to this article to ensure that they are not unjust, unfair, inequitable, misleading, or deceptive; and
(6) provide regulatory procedures for the maintenance of appropriate information reporting systems.