2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 514G - LONG=TERM CARE INSURANCE ACT
514G.111 - AUTHORITY TO PROMULGATE RULES.

        514G.111  AUTHORITY TO PROMULGATE RULES.
         The commissioner may adopt rules pursuant to chapter 17A related
      to long-term care insurance and to the administration and enforcement
      of this chapter, including but not limited to the following:
         1.  Promoting adequate premiums and protecting policyholders in
      the event of substantial rate increases.
         2.  Establishing minimum standards for producer education,
      compensation, and testing; marketing practices; reporting practices;
      and penalties related to the sale of long-term care insurance in this
      state.
         3.  Establishing loss ratio standards for long-term care insurance
      policies with specific reference to such policies.
         4.  Providing standards for full and fair disclosure by setting
      forth the manner and content of disclosures required for the sale of
      long-term care insurance policies including terms of renewability;
      initial and subsequent conditions of eligibility; nonduplication of
      coverage provisions; coverage of dependents; effect of preexisting
      conditions; termination, continuation, or conversion of policies;
      probationary periods; limitations, exceptions, and reductions;
      elimination periods; requirements for replacement; recurrent
      conditions; and definitions of terms.
         5.  Requiring certain remedial actions necessitated by changes in
      the long-term care insurance market to provide fair and reasonable
      protections for long-term care insurance purchasers and
      beneficiaries.
         6.  Ensuring the prompt payment of clean claims.
         7.  Administering the independent review process of insurers'
      benefit trigger determinations.  

         2008 Acts, ch 1175, §12