§ 58-58-300. Authority to adopt rules. - North Carolina Statutes

§ 58‑58‑300. Authority to adopt rules.

The Commissioner may:

(1)        Adopt rulesimplementing this Part.

(2)        Establish standardsfor evaluating reasonableness of payments under contracts for persons who areterminally or chronically ill, including standards for the amount paid inexchange for assignment, transfer, sale, devise, or bequest of a benefit undera policy.

(3)        Establishappropriate licensing requirements, fees, and standards for continued licensurefor providers.

(4)        Require a bond orother mechanism for financial accountability for providers and brokers.

(5)        Adopt rulesgoverning the relationship and responsibilities of insurers, providers, andbrokers during the viatication of a policy. (2001‑436, s. 3.)