17:29AA-2. Purposes
57 words·~1 min read·
/nj/17-59A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.