Purposes

N.J.S.A. 17:29AA-2, under Chapter 29AA.

N.J.S.A. 17:29AA-2

17:29AA-2. Purposes

The purposes of this act are: a. To encourage independent action by price competition among insurers in the writing of commercial lines insurance; b. To prevent practices that tend to bring about monopoly or to lessen or destroy competition; and c. To encourage the most efficient and economic rating and marketing practices. L.1982, c. 114, s. 2.