514G.111 - AUTHORITY TO PROMULGATE RULES.

        514G.111  AUTHORITY TO PROMULGATE RULES.         The commissioner may adopt rules pursuant to chapter 17A related      to long-term care insurance and to the administration and enforcement      of this chapter, including but not limited to the following:         1.  Promoting adequate premiums and protecting policyholders in      the event of substantial rate increases.         2.  Establishing minimum standards for producer education,      compensation, and testing; marketing practices; reporting practices;      and penalties related to the sale of long-term care insurance in this      state.         3.  Establishing loss ratio standards for long-term care insurance      policies with specific reference to such policies.         4.  Providing standards for full and fair disclosure by setting      forth the manner and content of disclosures required for the sale of      long-term care insurance policies including terms of renewability;      initial and subsequent conditions of eligibility; nonduplication of      coverage provisions; coverage of dependents; effect of preexisting      conditions; termination, continuation, or conversion of policies;      probationary periods; limitations, exceptions, and reductions;      elimination periods; requirements for replacement; recurrent      conditions; and definitions of terms.         5.  Requiring certain remedial actions necessitated by changes in      the long-term care insurance market to provide fair and reasonable      protections for long-term care insurance purchasers and      beneficiaries.         6.  Ensuring the prompt payment of clean claims.         7.  Administering the independent review process of insurers'      benefit trigger determinations.  
         Section History: Recent Form
         2008 Acts, ch 1175, §12