Authority to promulgate rules
Acts 2005, No. 1697, § 31; 2019, No. 315, § 2792.
The Insurance Commissioner shall issue rules for long-term care insurance to:
(1) Promote premium adequacy;
(2) Protect the policyholder in the event of substantial rate increases; and
(3) Establish minimum standards for: Marketing practices;
(4) Agent compensation;
(5) Agent testing;
(6) Penalties; and
(7) Reporting practices.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.