(A) The director may issue reasonable regulations to promote premium adequacy and to protect the policyholder if there is a substantial rate increase, and to establish minimum standards for producer education, marketing practices, producer compensation, producer testing, penalties, and reporting practices for long term care.
(B) Regulations adopted pursuant to this chapter must be in accordance with the provisions of Chapter 23, Title 1.
HISTORY: 1988 Act No. 466, Section 7; 2008 Act No. 274, Section 5, eff June 4, 2008.
Structure South Carolina Code of Laws
Chapter 72 - Long Term Care Insurance Act
Section 38-72-20. Chapter not to supersede other insurance laws; exceptions; applications.
Section 38-72-30. Short title.
Section 38-72-40. Definitions.
Section 38-72-66. Required notice to avoid unintentional cancellations or lapse; reinstatement.
Section 38-72-69. License requirements; training.
Section 38-72-70. Regulations.
Section 38-72-75. Long-term care insurance providers; rate schedules.
Section 38-72-78. Required notice for proposed premium rate increases.
Section 38-72-80. Severability; application of chapter.