17:46B-41 - General provisions - New Jersey Statutes

17:46B-41.  General provisions
    The purposes of sections 41 to 52, inclusive, of this act are to promote the  public welfare by regulating title insurance rates to the end that they shall  not be excessive, inadequate or unfairly discriminatory and to authorize  cooperative action between or among title insurance companies in rate making  and other matters within the scope of said sections.  Nothing herein is  intended to prohibit or discourage reasonable competition, or to require,  prohibit or discourage, except to the extent necessary to accomplish the  purposes stated above, uniformity in title insurance rates, rating systems and  rating plans and practices.  The provisions of sections 41 to 52, inclusive,  shall be liberally interpreted to make effective the purposes thereof as  outlined in this section.

     L.1975, c. 106, s. 40, eff. May 29, 1975.