North Dakota Administrative Code
Title 45 - Insurance, Commissioner of
Article 45-06 - Accident and Health Insurance
Chapter 45-06-05.1 - LONG-TERM CARE INSURANCE MODEL REGULATION
Section 45-06-05.1-15 - Discretionary powers of commissioner
Universal Citation: ND Admin Code ยง 45-06-05.1-15
Current through Supplement No. 394, October, 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 chapter with respect to a specific long-term care insurance policy or certificate upon a written finding that:
1. The modification or suspension would be in the best interest of the insureds;
2. The purposes to be achieved could not be effectively or efficiently achieved without the modification or suspension; and
3.
a.The modification or suspension is necessary to the
development of an innovative and reasonable approach for insuring long-term
care;
b. The policy or certificate
is to be issued to residents of a life care or continuing care retirement
community 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
c. 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.
General Authority: NDCC 28-32-02
Law Implemented: NDCC 26.1-45
Disclaimer: These regulations may not be the most recent version. North Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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