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.Amended by Act 2019, No. 315,§ 2792, eff. 7/24/2019.Acts 2005, No. 1697, § 31.
Arkansas Legal Code