2021 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.
Each small employer carrier shall make reasonable disclosure in solicitation and sales materials provided to small employers of the following:
A. the provisions concerning the carriers' right to change premium rates and the factors that affect changes in premium rates; and
B. the provisions relating to renewability of coverage.
History: Laws 1991, ch. 153, § 7; 2019, ch. 259, § 6.
ANNOTATIONSThe 2019 amendment, effective June 14, 2019, revised provisions related to a small employer's duty to make reasonable disclosures, and removed language related to premium setting by claim experience, health status or class of business; deleted former Subsection A and redesignated former Subsection B as Subsection A; in Subsection A, after "factors", deleted "including case characteristics"; and deleted former Subsection C and redesignated former Subsection D as Subsection B.
