Authority to promulgate rules

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Insurance
  5. Long-Term Care Insurance
  6. Long-Term Care Insurance Act of 2005
  7. Authority to promulgate rules

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The Insurance Commissioner shall issue rules for long-term care insurance to:

  1. (1) Promote premium adequacy;

  2. (2) Protect the policyholder in the event of substantial rate increases; and

  3. (3) Establish minimum standards for:

    1. (A) Marketing practices;

    2. (B) Agent compensation;

    3. (C) Agent testing;

    4. (D) Penalties; and

    5. (E) Reporting practices.


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