Ark. Code § 23-97-320

Current with legislation from 2024 Fiscal and Special Sessions.

Section 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.

Ark. Code § 23-97-320

Amended by Act 2019, No. 315,§ 2792, eff. 7/24/2019.

Acts 2005, No. 1697, § 31.