Purpose

Act 284 of 1921, § 502-A, under "INSURANCE COMPANY LAW OF 1921, THE".

Act 284 of 1921, § 502-A

Section 502-A. Purpose.--The purposes of this article are to:

(1) Protect policyholders and the public from excessive, inadequate or discriminatory rates.

(2) Promote price competition and improve the availability and reliability of insurance.

(3) Encourage efficient and economical marketing practices.

(4) Ensure availability of price and related information to consumers.

(5) This article shall supercede section 354 to the extent that section 354 is to the contrary.

(502-A added Dec. 21, 1998, P.L.1108, No.150)