Section 760IAC2-21-2. Opt out

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(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) 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) 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)

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