2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 23C: Small Group Rate and Renewability, 59A-23C-1 through 59A-23C-10
Section 59A-23C-9: Discretion of the superintendent.
59A-23C-9. Discretion of the superintendent.
The superintendent may suspend all or any part of Section 5 [59A-23C-5 NMSA 1978] of the Small Group Rate and Renewability Act as to the premium rates applicable to one or more small employers for one or more rating periods upon a filing by the small employer carrier and a finding by the superintendent that either the suspension is reasonable in light of the financial condition of the carrier or that the suspension would enhance the efficiency and fairness of the marketplace for small employer health benefits.
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