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ARKANSAS STATUTES AND CODES
§ 23-97-320 - Authority to promulgate regulations.
23-97-320. Authority to promulgate regulations.
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.
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.
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