33-22-1121 . Rules. The commissioner may adopt rules necessary to implement this part, including but not limited to rules that: (1) establish loss ratio standards for long-term care insurance policies; (2) promote premium adequacy and protect the policyholder in the event of substantial rate increases; (3) establish minimum standards for insurance producer training, marketing practices, compensation, and testing; (4) establish penalties and reporting practices for long-term care insurance; (5) specify, with respect to nonforfeiture benefits and contingent benefits: (a) the type or types of nonforfeiture benefits to be offered as part of long-term care insurance policies; (b) the standards for nonforfeiture benefits; (c) the rules regarding contingent benefits upon lapse, including: (i) a determination of the specified period of time during which a contingent benefit upon lapse will be available; (ii) the substantial premium rate increase that triggers a contingent benefit upon lapse as described in 33-22-1116 ; and (d) the types of appropriate sale criteria to be communicated at the time of application; (6) establish a requirement for the mandatory triggering of policy benefits based upon the number of activities of daily living that an individual is capable or incapable of performing; and (7) are necessary to implement a determination made by the secretary of health and human services pursuant to 45 CFR, parts 160 and 164, as to who is a licensed health care practitioner.
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