Vermont § 8502 - Powers of the Commission The Commission shall have the following powers:

§ 8502. Powers of the Commission The Commission shall have the following powers:

• (1) To adopt rules, pursuant to section 8505 of this chapter, which shall have the force
  and effect of law and shall be binding in the compacting states to the extent and
  in the manner provided in this compact. (2) To exercise its rulemaking authority and establish reasonable uniform standards for
  products covered under the compact, and advertisement related to the compact, which
  shall have the force and effect of law and shall be binding in the compacting states,
  but only for those products filed with the Commission, provided that a compacting
  state shall have the right to opt out of such uniform standard pursuant to section
  8505 of this chapter, to the extent and in the manner provided in this compact, and,
  provided further, that any uniform standard established by the Commission for long-term
  care insurance products may provide the same or greater protections for consumers
  as, but shall 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