Fire and casualty insurance rates; purpose of act

40-951. Fire and casualty insurance rates; purpose of act. The purpose of this act is to: (a) Protect policyholders and the public against the adverse effects of excessive, inadequate or unfairly discriminatory rates; (b) encourage, as the most effective way to produce rates that conform to the standards of paragraph (a), independent action by and reasonable price competition among insurers; (c) provide formal regulatory controls for use if independent action and price competition fail; (d) authorize cooperative action among insurers in the rate making process, and to regulate such cooperation in order to prevent practices that tend to bring about monopoly or to lessen or destroy competition; (e) encourage the most efficient and economic marketing practices; and (f) regulate the business of insurance in a manner that will preclude application of federal antitrust laws. History: L. 1997, ch. 154, § 1; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026