The commissioner may waive a specific provision or provisions of this article with respect to a specific long-term care insurance policy or certificate upon making written findings specified in subdivisions (a), (b), and (c), as follows:

1. (a) The waiver would be in the best interest of the insureds.
2. (b) The underlying purposes of this article could not be effectively or efficiently achieved without the waiver.

3. (c) Any of the following:

   1. (1) The waiver is necessary to the development of an innovative and reasonable approach for insuring long-term care.
   2. (2) 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 waiver is reasonably related to the special needs or nature of such a community.

   3. (3) The waiver is necessary to permit long-term care insurance to be sold as part of, or in conjunction with, another insurance product.

      The commissioner may condition any waiver upon compliance with alternative requirements to achieve the purposes of this article.