23 CAR § 43-412 – Department rules conforming with NAIC or NCOIL rule models or legislation

(a) The State Insurance Department may promulgate rules, and amendments to such rules from time to time, if a state law or rule is based on a National Association of Insurance Commissioners (NAIC) or National Conference of Insurance Legislators (NCOIL) model.
(b) The Insurance Commissioner has discretion to promulgate such rules or amendments to model rules and adopt them either in their entirety or on a provision-by-provision basis.
(c) The department reasonably strives to update NAIC or NCOIL model rules once every five (5) years.
(d) The provisions or requirements of this subpart shall apply to the issuance by the department of model rules, or amendments thereof, in the same manner as any other administrative rule.