§ 875.107 What are OPM's responsibilities as regulator under this Program?
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Title 5 CFR: Administrative Personnel › Chapter I: OFFICE OF PERSONNEL MANAGEMENT › Part 875: FEDERAL LONG TERM CARE INSURANCE PROGRAM › Subpart A: Administration and General Provisions › § 875.107: § 875.107 What are OPM's responsibilities as regulator under this Program?
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Consistent with the authority and discretion given to OPM by the FLTCIP law, OPM's responsibilities include those functions typically associated with, and preemptive of, State insurance regulatory authorities such as:
(a) Reviewing and approving the content and format of materials associated with the FLTCIP pursuant to section 9008(d) of title 5, United States Code;
(b) Reviewing and approving rates, forms, and marketing materials;
(c) Determining the qualifications of enrollment personnel and the Program administrator(s);
(d) Suspending applications for FLTCIP coverage, including coverage increases as specified in § 875.110; and
(e) Holding special application periods as specified in § 875.402.
[68 FR 5534, Feb. 4, 2003, as amended at 87 FR 68597, Nov. 16, 2022]
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