§8097. Authority to adopt rules

Link to law: http://legislature.vermont.gov/statutes/section/08/154/08097
Published: 2015

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The Vermont Statutes Online



Title

08

:
Banking and Insurance






Chapter

154

:
LONG-TERM CARE INSURANCE











 

§

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.)