33-22-1121. Rules.
227 words·~1 min read·
/mt/title-33/chapter-22/part-11/33-22-1121·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-22-1121 . Rules. The commissioner may adopt rules necessary to implement this part, including but not limited to rules that:
(1)establish loss ratio standards for long-term care insurance policies;
(2)promote premium adequacy and protect the policyholder in the event of substantial rate increases;
(3)establish minimum standards for insurance producer training, marketing practices, compensation, and testing;
(4)establish penalties and reporting practices for long-term care insurance;
(5)specify, with respect to nonforfeiture benefits and contingent benefits:
(a)the type or types of nonforfeiture benefits to be offered as part of long-term care insurance policies;
(b)the standards for nonforfeiture benefits;
(c)the rules regarding contingent benefits upon lapse, including:
(i)a determination of the specified period of time during which a contingent benefit upon lapse will be available;
(ii)the substantial premium rate increase that triggers a contingent benefit upon lapse as described in 33-22-1116 ; and
(d)the types of appropriate sale criteria to be communicated at the time of application;
(6)establish a requirement for the mandatory triggering of policy benefits based upon the number of activities of daily living that an individual is capable or incapable of performing; and
(7)are necessary to implement a determination made by the secretary of health and human services pursuant to 45 CFR, parts 160 and 164, as to who is a licensed health care practitioner.