| 2.__Uniform standards.__To exercise its rule-making authority |
and establish reasonable uniform standards for products and |
advertisements, which have the force of law and are binding in |
the compacting states, but only for those products filed with the |
commission.__A compacting state has the right to opt out of the |
uniform standard pursuant to section 2478 to the extent and in |
the manner provided in the compact.__A uniform standard |
established by the commission for long-term care insurance |
products may provide either the same or greater protections for |
consumers as, but may not provide less than, those protections |
set forth in the National Association of Insurance Commissioners' |
Long-term Care Insurance Model Act and Long-term Care Insurance |
Model Regulation, adopted by the National Association of |
Insurance Commissioners as of 2001. The commission shall consider |
whether any subsequent amendments to the National Association of |
Insurance Commissioners' Long-term Care Insurance Model Act or |
Long-term Care Insurance Model Regulation adopted as of 2001 by |
the National Association of Insurance Commissioners require the |
amendment of the uniform standards established by the commission |
for long-term care insurance products; |