N.Y. Insurance Law § 2301: Purpose

§ 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.