Authority to adopt rules

08 V.S.A. ch. 154, § 8097, under Chapter 154: Long-Term Care Insurance.

08 V.S.A. ch. 154, § 8097

§ 8097. Authority to adopt rules

The Commissioner shall adopt reasonable rules to promote premium adequacy and to protect the policyholder in the event of substantial rate increases, and to establish minimum standards for marketing practices, agent compensation, field issuance, agent testing, penalties, and reporting practices for long-term care insurance. (Added 2003, No. 124 (Adj. Sess.), § 2, eff. Jan. 1, 2005.)