Chapter 59A, Article 12A NMSA 1978 shall apply to all administrators who provide administrative services in connection with insurance or alternatives to insurance or who, in a fiduciary capacity or otherwise, manage or handle funds, money, premiums, fees or other forms of consideration in connection with insurance or alternatives to insurance. That article shall also apply to the claims practices of insurers or alternatives to insurance, whether or not they are administered by a third party.
History: 1978 Comp., § 59A-12A-1, enacted by Laws 1989, ch. 374, § 1.
Structure New Mexico Statutes
Article 12A - Insurance Administrators
Section 59A-12A-1 - Scope of the article.
Section 59A-12A-2 - Definitions.
Section 59A-12A-3 - License required; penalty.
Section 59A-12A-4 - Written agreement necessary.
Section 59A-12A-5 - Payment to administrator.
Section 59A-12A-6 - Maintenance of information.
Section 59A-12A-7 - Approval of advertising.
Section 59A-12A-8 - Underwriting provision.
Section 59A-12A-9 - Premium collection.
Section 59A-12A-10 - Payment of claims.
Section 59A-12A-11 - Claim adjustment or settlement.
Section 59A-12A-12 - Notification required.
Section 59A-12A-13 - Business name.
Section 59A-12A-14 - Confidentiality.
Section 59A-12A-15 - Prohibited inducements.