§33-13C-17. Authority to promulgate rules.
The commissioner shall have the authority to promulgate
legislative rules, including emergency rules, implementing this
article, pursuant to article three, chapter twenty-nine-a of this
code. Such rules may include standards for evaluating
reasonableness of payments under viatical settlement contracts for
persons who are terminally or chronically ill; regulation of
discount rates used to determine the amount paid in exchange for
assignment, transfer, sale, devise or bequest of a benefit under a
life insurance policy insuring the life of a person that is
chronically or terminally ill; and provisions governing the
relationship and responsibilities of both insurers and viatical
settlement providers and viatical settlement brokers during the
viatication of a life insurance policy or certificate.