Arizona § 20-341 - Purpose of insurance rate regulation
Full text of Arizona Arizona Revised Statutes § 20-341 — Purpose of insurance rate regulation, with citation guidance and answers to common questions.
§ 20-341. Purpose of insurance rate regulation
A. The purpose of this article is to promote the public welfare by regulating insurance rates to the end that they shall 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 article. Nothing in this article is intended to prohibit or discourage reasonable competition, or to prohibit or encourage, except to the extent necessary to accomplish the purpose stated in this section, uniformity in insurance rates, rating systems, rating plans or practices. This article shall be liberally interpreted to carry into effect the provisions of this section.
B. Where the rules and regulations of a rating bureau or advisory organization conflict with the law, the rules and regulations do not apply.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-341
What does Arizona Revised Statutes § 20-341 cover?
Section 20-341 ("Purpose of insurance rate regulation") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 20-341?
A common citation format is "Arizona Revised Statutes § 20-341" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 20-341 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.