2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 23C - Small Group Rate and Renewability
Section 59A-23C-7 - Disclosure of rating practices and renewability provisions.
59A-23C-7. Disclosure of rating practices and renewability provisions.
Each small employer carrier shall make reasonable disclosure in solicitation and sales materials provided to small employers of the following:
A. the extent to which premium rates for a specific small employer are established or adjusted due to the claim experience, health status or duration of coverage of the employees or dependents of the small employer;
B. the provisions concerning the carriers' right to change premium rates and the factors, including case characteristics, that affect changes in premium rates;
C. a description of the class of business in which the small employer is or will be included, including the applicable grouping of plans; and
D. the provisions relating to renewability of coverage.
History: Laws 1991, ch. 153, 7.
