The purpose of this chapter is to:
(1) provide for reasonable standardization, readability, and simplification of terms and coverages in individual accident and health insurance policies;
(2) promote public understanding of coverages;
(3) eliminate provisions in individual accident and health insurance policies that may be unjust, unfair, misleading, or unreasonably confusing in connection with:
(A) the purchase of coverage; or
(B) the settlement of claims; and
(4) provide for full and fair disclosure in sales of accident and health coverage.