Ark. Code Ann. § 23-97-320: Authority to promulgate rules

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: (A) Marketing practices; (B) Agent compensation; (C) Agent testing; (D) Penalties; and (E) Reporting practices. Amended by Act 2019, No. 315,§ 2792, eff. 7/24/2019. Acts 2005, No. 1697, § 31.

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: (A) Marketing practices; (B) Agent compensation; (C) Agent testing; (D) Penalties; and (E) Reporting practices.

(A) Marketing practices;

(B) Agent compensation;

(C) Agent testing;

(D) Penalties; and

(E) Reporting practices.