The director shall adopt regulations regarding


(1) the sale of long-term care insurance that provide minimum standards for


(A) terms of renewability;


(B) initial and subsequent conditions of eligibility;


(C) nonduplication of coverage provisions;


(D) coverage of dependents;


(E) benefit triggers;


(F) preexisting conditions and recurrent conditions;


(G) termination of insurance;


(H) continuation or conversion;


(I) probationary periods, limitations, exceptions, reductions, and elimination periods; and


(J) requirements for replacement;


(2) standard definitions of long-term care insurance terms;


(3) nonforfeiture or minimum value requirements; and


(4) consumer protection standards, including standards for full and fair disclosure setting out the manner and content of required disclosures.