Indiana § 27-7-2-1.1 - Purposes of chapter
Full text of Indiana Indiana Code § 27-7-2-1.1 — Purposes of chapter, with citation guidance and answers to common questions.
§ 27-7-2-1.1. Purposes of chapter
Sec. 1.1. The purposes of this chapter are as follows:
(1) To prohibit price fixing agreements and other anticompetitive behavior by companies.
(2) To protect policyholders and the public against the adverse effects of excessive, inadequate, or unfairly discriminatory rates.
(3) To promote price competition among companies so as to provide rates that are responsive to competitive market conditions.
(4) To provide regulatory procedures for the maintenance of appropriate data reporting systems.
(5) To improve availability, fairness, and reliability of insurance.
(6) To authorize essential cooperative action among companies in the ratemaking process and to regulate such activity to prevent practices that tend to substantially lessen competition or create a monopoly.
(7) To encourage the most efficient and economic marketing practices.
As added by P.L.249-1989, SEC.1.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-7-2-1.1
What does Indiana Code § 27-7-2-1.1 cover?
Section 27-7-2-1.1 ("Purposes of chapter") is part of the Indiana Code, the codified statutory law of Indiana. 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 Indiana § 27-7-2-1.1?
A common citation format is "Indiana Code § 27-7-2-1.1" (Indiana). 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 Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 27-7-2-1.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana 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 Indiana.