A. The claims practices of every administrator, insurer, plan or alternative to insurance, as defined in Chapter 59A, Article 12A NMSA 1978, shall be subject to the provisions of Chapter 59A, Article 16 NMSA 1978.
B. The claims practices of any insurer, plan or alternative to insurance as defined in Chapter 59A, Article 12A NMSA 1978 shall be subject to the provisions of the Insurance Code.
History: 1978 Comp., § 59A-12A-16, enacted by Laws 1989, ch. 374, § 16.
Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
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.