North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 12 - LIFE AND HEALTH DIVISION
Section .1000 - LONG TERM CARE INSURANCE
Section 12 .1021 - REPORTING
Current through Register Vol. 39, No. 6, September 16, 2024
Each insurer shall on a statewide basis:
(1) Maintain records for each agent of that agent's amount of replacement sales as a percent of the agent's total annual sales.
(2) Maintain records of the amount of lapses of long-term care insurance policies sold by agents as a percent of the agent's total annual sales.
(3) Report annually by June 30th the 10 percent of its agents with the greatest percentages of lapses and replacements.
(4) Report annually by June 30th the number of lapsed policies as a percent of its total annual sales and as a percent of its total number of policies in force as of the end of the preceding calendar year.
(5) Report annually by June 30th the number of replacement policies sold as a percent of its total annual sales and as a percent of its total number of policies in force as of the end of the preceding calendar year.
Authority
G.S.
58-2-40(1);
58-55-30(a);
58-2-195(a);
Eff. December 1, 1992;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. May 1, 2018.
