§ 23-97-320. Authority to promulgate rules

The Insurance Commissioner shall issue rules for long-term care insurance to:

1. (1) Promote premium adequacy;

2. (2) Protect the policyholder in the event of substantial rate increases; and

3. (3) Establish minimum standards for:

   1. (A) Marketing practices;

   2. (B) Agent compensation;

   3. (C) Agent testing;

   4. (D) Penalties; and

   5. (E) Reporting practices.