58-17B-13.1. Establishment of standards and requirements for cost-of-living adjustment. The director may promulgate rules pursuant to chapter 1-26 to establish specific standards and requirements for a cost-of-living adjustment to long-term care policies. The standards or requirements may cover:
(1) Types and duration of adjustments;
(2) Underwriting; and
(3) Amount of adjustment.Source: SL 1990, ch 398, § 4.
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