(1) The Insurance Commissioner may adopt rules for long-term care insurance that include, but are not limited to, standards for full and fair disclosure addressing: The manner, content, and required disclosures for the sale of long-term care insurance policies;
(2) Terms of renewability;
(3) Initial and subsequent conditions of eligibility;
(4) Nonduplication of coverage provisions;
(5) Coverage of dependents;
(6) Preexisting conditions;
(7) Termination of insurance;
(8) Continuation or conversion of coverage;
(9) Probationary periods;
(10) Limitations, exceptions, reductions, and elimination periods;
(11) Requirements for replacement;
(12) Recurrent conditions; and
(13) Definitions of terms.
(14) No long-term care insurance policy shall: Be cancelled, not renewed, or otherwise terminated because of age or the deterioration of the mental or physical health of the insured individual or certificate holder;
(15) Contain a provision establishing a new waiting period in the event existing coverage is converted to or replaced by a new or other form of coverage within the same company, except with respect to an increase in benefits voluntarily selected by the insured individual or group policyholder; or
(16) Provide coverage for skilled nursing care only or provide significantly more coverage for skilled care within a facility than coverage for lower levels of care.