The commissioner shall adopt rules to promote premium adequacy, to protect the policyholder in the event of substantial rate increases, and to establish minimum standards for marketing practices, producer education, producer compensation, producer examination, penalties, and reporting practices for long-term care insurance. In addition, the commissioner may issue regulations to establish minimum standards concerning suitability.
Source: L. 95: Entire section added, p. 924, § 24, effective May 25. L. 96: Entire section amended, p. 1354, § 1, effective June 1. L. 2005: Entire section amended, p. 406, § 3, effective August 8. L. 2007: Entire section amended, p. 206, § 13, effective January 1, 2008.