North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 12 - LIFE AND HEALTH DIVISION
Section .1000 - LONG TERM CARE INSURANCE
Section 12 .1011 - DISCRETIONARY POWERS OF COMMISSIONER
Current through Register Vol. 39, No. 6, September 16, 2024
The Commissioner may, upon written request and after an administrative hearing, issue an order to modify or suspend a specific provision or provisions of this Section with respect to a specific policy upon a written finding that:
(1) the modification or suspension would be in the best interest of the insureds; and
(2) the purposes to be achieved could not be effectively or efficiently achieved without the modification or suspension; and
(3) the modification or suspension is necessary to the development of an innovative and reasonable approach for insuring long-term care; or
(4) the policy is to be issued to residents of a continuing care facility or some other residential community for the elderly and the modification or suspension is reasonably related to the special needs or nature of such a community; or
(5) 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.
Authority
G.S.
58-2-40(1);
58-55-30(a);
Eff. September 1, 1990;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. May 1, 2018.
