Statute · New York Insurance Law
N.Y. Ins. Law § 2301 — Purpose
N.Y. Ins. Law § 2301
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 2301. Purpose. The purpose of this article is to promote the public welfare by regulating insurance rates to the end that they not be excessive, inadequate or unfairly discriminatory, to promote price competition and competitive behavior among insurers, to provide rates that are responsive to…
Citator
N.Y. Ins. Law § 2301 — Purpose is in force in the current edition of the Code, and nothing recorded condemns it.
§ 2301. Purpose. The purpose of this article is to promote the public welfare by regulating insurance rates to the end that they not be excessive, inadequate or unfairly discriminatory, to promote price competition and competitive behavior among insurers, to provide rates that are responsive to competitive market conditions, to improve the availability and reliability of insurance and to authorize and regulate cooperative action among insurers within the scope of this article.