Alaska Statutes Sec. 21.39.010 - Purpose

The purpose of this chapter is to promote the public welfare by regulating insurance rates in order that they will not be excessive, inadequate, or unfairly discriminatory, and to authorize and regulate cooperative action among insurers in rate making and in other matters within the scope of this chapter. Nothing in this chapter is intended (1) to prohibit or discourage reasonable competition, or (2) to prohibit or encourage, except to the extent necessary to accomplish the purpose of this chapter, uniformity in insurance rates, rating systems, rating plans or practices. This chapter shall be liberally interpreted to carry into effect the intent of this section.

Section: 21.39.010  21.39.020  21.39.030  21.39.035  21.39.040  21.39.041  21.39.043  21.39.045  21.39.050  21.39.055  21.39.060  21.39.070  21.39.080  21.39.090  21.39.100  Next

Last modified: November 15, 2016