2006 New Mexico Statutes - Section 59A-22-2 — Form and content of policy.

59A-22-2. Form and content of policy.

No policy of individual health insurance shall be delivered or issued for delivery in this state unless:   

A.     the entire money and other considerations therefor are expressed therein; and   

B.     the time at which insurance takes effect and terminates is expressed therein; and   

C.     it purports to insure only one person, except as provided in Article 23 [Chapter 59A, Article 23 NMSA 1978] of the Insurance Code, and except that a policy or contract may be issued upon application of the head of a family, who shall be deemed the policyholder, covering members of any one family, including husband, wife, dependent children or any children under the age of nineteen (19) and other dependents living with the family; and   

D.     every printed portion of the text matter and of any endorsements or attached papers shall be printed in uniform type of which the face shall be not less than ten (10) point (the "text" shall include all printed matter except the name and address of the insurer, name and title of the policy, captions, subcaptions and form numbers), but notwithstanding any provision of this law, the superintendent shall not disapprove any such policy on the ground that every printed portion of its text matter or of any endorsement or attached paper is not printed in uniform type if it shall be shown that the type used is required to conform to the laws of another state in which the insurer is authorized; and   

E.     the exceptions and reductions of indemnity are adequately captioned and clearly set forth in the policy or contract; and   

F.     each such form, including riders and endorsements, shall be identified by a form number in the lower left-hand corner of the first page thereof; and   

G.     if any policy is issued by an insurer domiciled in this state for delivery to a person residing in another state, and if the official having responsibility for the administration of insurance laws of such other state shall have advised the superintendent that any such policy is not subject to approval or disapproval by such official, the superintendent may by ruling require that such policy meet the standards set forth in Sections 424 through 446 [ 59A-22-3 to 59A-22-25 NMSA 1978] of this article.