Current through 2024 First Special Session
Section 33-49-10 - Rule-making authority(a) The commissioner may propose rules for legislative approval in accordance with the provisions of article three, chapter twenty-nine-a of this code to implement the provisions of this article, including but not limited to: (1) Establishing and refining definitions;(2) Requirements for ratemaking, forms and other requirements under this chapter;(3) Clarifying minimum coverage requirements for flood insurance policies;(4) Determining whether a policy meets the definition of "private flood insurance" or other certain standards and requirements; and(5) Solvency and market conduct operations.(b) The commissioner may promulgate emergency rules pursuant to the provisions of section fifteen, article three, chapter twenty-nine-a of this code for any purposes set forth for legislative rules in subsection (a) of this section.Added by 2014 Acts, ch. 96 (SB 621), eff. 6/5/2014.