The General Assembly finds that the public interest and the interest of policyholders and stockholders may be adversely affected when: control of an insurer is sought by a person that would use that control adversely to the best interest of policyholders or stockholders; acquisition of control of an insurer would substantially lessen competition or create a monopoly in the insurance business in the State; an insurer that is part of an insurance holding company system enters into transactions or relationships with affiliates on terms that are not fair and reasonable; or an insurer pays to stockholders dividends that jeopardize the financial condition of the insurer. The purposes of this title include promoting the public interest by: requiring disclosures in acquisitions or mergers; requiring disclosures of material transactions, relationships between an insurer and its affiliates, and dividends to stockholders paid by insurers; requiring disclosures of relevant information about changes in control of insurers; providing standards governing material transactions between an insurer and its affiliates; and establishing penalties for failure to disclose and providing for the disapproval of certain transactions.