83-53-1 - Legislative purpose; construction.
§ 83-53-1. Legislative purpose; construction.
The purpose of this chapter is to promote the public welfare by regulating credit life insurance and credit disability insurance. Nothing in this chapter is intended to prohibit or discourage competition which is in the public interest. The provisions of this chapter shall be liberally construed.
Sources: Laws, 1986, ch. 440, § 1, eff from and after May 1, 1986.