General prohibition against unfair competition, etc.
No person shall engage in this state in any trade practice which is defined in this chapter as, or determined pursuant to this chapter to be, an unfair method of competition or an unfair or deceptive act or practice in the business of insurance.
(Acts 1957, No. 608, p. 865, §3; Acts 1971, No. 407, p. 707, §228.)