LONG-TERM CARE INSURANCE PARTNERSHIP PROGRAM, 054 00 CARR 094

The purpose of this Rule is to implement Act 99 of 2007 of the Arkansas State Legislature, entitled "An Act To Establish the Arkansas Long-Term Care Partnership Program," by providing requirements to establish Partnership-Qualified Long-Term Care ("PQLTC") insurance policies in this State, in compliance with the Federal Long-Term Care Partnership Program. The Rule provides standards for producers soliciting such policies and for insurers desiring to issue policies qualifying under such program.

This Rule is issued under the authority vested in the Arkansas Insurance Commissioner (the "Commissioner") by Ark. Code Ann. § 23-97-320, to implement rules for long-term care insurance policies and to assist in the development of long-term care insurance policies under Act 99 of 2007, "An Act To Establish the Arkansas Long-Term Care Partnership Program." In addition, this Rule is also issued under the authority vested in the Commissioner under § ...