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2018 New Mexico Statutes
Chapter 59A - Insurance Code
Article 24A - Medicare Supplements
Section 59A-24A-11 - Limitation of sales of medicare supplement policies and other policies designed to reimburse or pay as the result of hospitalization for hospital, medical or surgical expenses.
Universal Citation: NM Stat § 59A-24A-11 (2018)
59A-24A-11. Limitation of sales of medicare supplement policies and other policies designed to reimburse or pay as the result of hospitalization for hospital, medical or surgical expenses.
The superintendent may establish reasonable rules and regulations to restrict the sale of medicare supplement policies and other policies designed to reimburse or pay as the result of hospitalization for hospital, medical or surgical expenses that result in over-insurance to an insured.
History: Laws 1989, ch. 28, § 11; 1992, ch. 3, § 9.
The 1992 amendment, effective March 2, 1992, substituted the present section heading for "limitation of sales of medicare supplement policies", and substituted all of the present language of the section following "medicare supplement" for "policies that result in over-insurance to an insured".
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