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§27-34.2-8  Discretionary powers of director. –

Published: 2015

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CHAPTER 27-34.2

Long Term Care Insurance

SECTION 27-34.2-8

   § 27-34.2-8  Discretionary powers of

director. –

The director may upon written request issue an order to modify or suspend a

specific provision or provisions of regulations adopted pursuant to this

chapter, and may upon written request permit the use of waivers or riders, with

respect to a specific long term care insurance policy or certificate upon a

written finding that:

   (1) The modification or suspension would be in the best

interest of the insureds;

   (2) The purposes to be achieved could not be effectively or

efficiently achieved without the modification or suspension; and

   (3)(i) The modification or suspension is necessary to the

development of an innovative and reasonable approach for insuring long term


   (ii) The policy or certificate is to be issued to residents

of a life care or continuing care retirement community or some other

residential community for the elderly and the modification or suspension is

reasonably related to the special needs or nature of the community; or

   (iii) The modification or suspension is necessary to permit

long term care insurance to be sold as part of, or in conjunction with, another

insurance product.

History of Section.

(P.L. 1988, ch. 201, § 1.)