(1) The purposes of this chapter are to:(1) Promote the public welfare by regulating creditor-placed insurance;(2) Create a legal framework within which creditor-placed insurance may be written in this state; and(3) Minimize unfair competitive practices in the sale of creditor-placed insurance.
(1) Promote the public welfare by regulating creditor-placed insurance;
(2) Create a legal framework within which creditor-placed insurance may be written in this state; and
(3) Minimize unfair competitive practices in the sale of creditor-placed insurance.