The Division of Insurance shall promulgate rules, pursuant to chapter 1-26, to carry out the issuance of the license required by § 58-29E-2 and the enforcement provisions of this chapter. The rules may include the following:

1. (1) Definition of terms;
2. (2) Use of prescribed forms;
3. (3) Reporting requirements;
4. (4) Enforcement procedures; and
5. (5) Protection of proprietary information and trade secrets.

Source: SL 2004, ch 311 , § 9.