Authority: IC 27-8-31-8

Affected: IC 27-8-31-8

Sec. 2. (a) The commissioner has balanced, has considered, and finds that the conditions in the state and needs of the citizens of the state outweigh the following factors:

1. (1) The intent of the legislature to participate in, and the benefits of, an interstate agreement to establish national uniform consumer protections for long-term care uniform standards.
2. (2) The presumption that long-term care uniform standards adopted by the commission provide reasonable protections to consumers of the long-term care product.

(b) The state hereby opts out of the long-term care uniform standards.

(Department of Insurance; 760 IAC 2-21-2; filed Sep 28, 2011, 11:05 a.m.: 20111026-IR-760100661FRA; readopted filed Nov 6, 2017, 1:06 p.m.: 20171206-IR-760170354RFA; readopted filed Nov 30, 2022, 11:39 a.m.: 20221228-IR-760220302RFA)