{"data":{"id":"us-me/24-a-m.r.s.-2381-a","jurisdiction":"us-me","citation":"24-A M.R.S. §2381-A","heading":"Purposes","body":"The purposes of this Act are:\n1.  Prohibition of certain behavior.  To prohibit price-fixing agreements and other anticompetitive behavior by insurers;\n2.  Protection for policyholders and the public.  To protect policyholders and the public from the adverse effects of excessive, inadequate or unfairly discriminatory rates;\n3.  Promotion of price competition.  To promote price competition among insurers so as to provide rates that are responsive to competitive market conditions;\n4.  Provision of regulatory procedures.  To provide regulatory procedures for the maintenance of appropriate data reporting systems;\n5.  Improvement of insurance.  To improve availability, fairness and reliability of insurance;\n6.  Authorization of action.  To authorize essential cooperative action among insurers in the rate-making process and to regulate such activity to prevent practices that tend to substantially lessen competition or create a monopoly; and\n7.  Encouragement of practices.  To encourage the most efficient and economical marketing practices.","path":["TITLE 24-A: MAINE INSURANCE CODE","CHAPTER 25: RATES AND RATING ORGANIZATIONS","SUBCHAPTER 2-B: WORKERS' COMPENSATION RATING ACT"],"source_url":"https://legislature.maine.gov/statutes/24-A/title24-Asec2381-A.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:33Z","sha256":"8ecc7c4ccfd3b0327e011910531f81dca538edb7982f89bde86be30728c92718","source_id":"us-me","stale":false,"prev":"us-me/24-a-m.r.s.-2381","next":"us-me/24-a-m.r.s.-2381-b"},"notice":"GroundRules: Original legal text. Not legal advice."}