31A-36-119. Authority to make rules.
In accordance with, the commissioner may adopt rules to:
(1) establish the requirements for the annual report required under Section; 31A-36-106
(2) establish standards for evaluating the reasonableness of payments under life settlements;
(3) establish appropriate licensing requirements, fees, and standards for continued licensure for: a life settlement provider; and a life settlement producer;
(4) determine the amount and conditions of a bond or other assurance of financial responsibility required under Sectionfor a life settlement provider; and 31A-23a-117 require, determine the amount, or determine the conditions of an assurance of financial responsibility for a life settlement producer, including a bond or an errors and omissions insurance policy;
(5) govern the relationship of insurers with a life settlement provider or life settlement producer during the settlement of a policy;
(6) determine the specific disclosures required under Section; 31A-36-108
(7) determine whether advertising for life settlements violates Section; 31A-36-112
(8) determine the information to be provided to the commissioner under Sectionand the manner of providing the information; 31A-36-114
(9) determine additional acts or practices that are prohibited under Section; 31A-36-111
(10) establish payment requirements for the payments in Section; and 31A-36-110
(11) establish the filing procedure for the forms listed in Subsection. 31A-36-105(1)