The commissioner shall issue reasonable regulations to promote premium adequacy and to protect the policyholder in the event of substantial rate increases, and to establish minimum standards for marketing practices, agent compensation, agent testing, penalties, and reporting practices for long-term care insurance.
Ala. Code § 27-19-108
Promulgation of Rules and Regulations.
Known as the Alabama Long-Term Care Insurance Policy Minimum Standards Act
The act spans §§ 27-19-100 to 27-19-110 (11 sections).
(Act 2000-795, p. 1876, §5.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.