HRS §431:10H-117
Rules the insurance commissioner can make
The insurance commissioner can create reasonable rules to make sure premiums are enough, protect you from big rate increases, and set minimum standards for marketing, agent pay, agent testing, penalties, and reporting for long-term care insurance.
The statute, as written — Authority to adopt rules
The commissioner may adopt reasonable rules to promote premium adequacy and to protect the policyholder in the event of substantial rate increases, and to establish minimum standards for marketing practices, producer compensation, producer testing, penalties, and reporting practices for long-term care insurance.
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