Section 33-16-1001 - Declaration of policy and purpose(1) It is declared that the public welfare is served by the making of advisory premium rates for workers' compensation insurance coverage in concert.(2) It is the purpose of this part to: (a) authorize such ratemaking in concert and the operating of rating organizations thereto; and(b) establish the general bases and standards for the making of such rates.En. Sec. 1, Ch. 329, L. 1969; amd. Sec. 3, Ch. 558, L. 1977; R.C.M. 1947, 40-5601.