There is a newer version
of
this Section
2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 25 - Credit Life and Credit Health Insurance
Section 59A-25-4 - Forms of credit life, credit health insurances.
Universal Citation: NM Stat § 59A-25-4 (2017)
59A-25-4. Forms of credit life, credit health insurances.
Credit life insurance and credit health insurance shall be issued only in the following forms:
A. individual policies of life insurance issued to debtors on the term plan;
B. individual policies of health insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
C. group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and
D. group policies of health insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.
History: Laws 1984, ch. 127, 475.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
