The commissioner shall adopt rules to promote premium adequacy, to protect the policyholder in the event of substantial rate increases, and to establish minimum standards for marketing practices, producer education, producer compensation, producer examination, penalties, and reporting practices for long-term care insurance. In addition, the commissioner may issue regulations to establish minimum standards concerning suitability.
Source: L. 95: Entire section added, p. 924, § 24, effective May 25. L. 96: Entire section amended, p. 1354, § 1, effective June 1. L. 2005: Entire section amended, p. 406, § 3, effective August 8. L. 2007: Entire section amended, p. 206, § 13, effective January 1, 2008.
Structure Colorado Code
Article 19 - Long-Term Care Insurance
§ 10-19-102. Legislative Declaration
§ 10-19-104. Scope and Applicability of Article
§ 10-19-105. Extraterritorial Jurisdiction - Group Long-Term Care Insurance
§ 10-19-106. Rules on Disclosure
§ 10-19-107. Performance Standards
§ 10-19-108. Requirements for Preexisting Conditions
§ 10-19-109. Requirements for Prior Hospitalization or Institutionalization
§ 10-19-110. Loss Ratio Standards
§ 10-19-111. Right to Return Policy - Free Look
§ 10-19-112. Outline of Coverage - Certificate
§ 10-19-113. Option for Inflation Adjustment - Renewability
§ 10-19-113.3. Incontestability Period
§ 10-19-113.4. Nonforfeiture Benefits - Rules