Any agent or administrator that advertises, sells, transacts or administers coverage in this state as described in Section 59A-15-16 NMSA 1978 shall, if the coverage is not fully insured or otherwise fully covered by an authorized insurer, advise every purchaser, prospective purchaser and covered person of the lack of insurance or other coverage. Any administrator that advertises or administers such coverage in this state shall inform any producing agency of the elements of the coverage including the amount of any applicable stop-loss insurance and the insurer affording it.
History: 1978 Comp., § 59A-15-19, enacted by Laws 1991, ch. 125, § 25.
Structure New Mexico Statutes
Article 15 - Unauthorized Insurers
Section 59A-15-1 - Purposes of article.
Section 59A-15-2 - Representing or aiding unauthorized insurer prohibited.
Section 59A-15-3 - Inclusion of unauthorized insurer in coverage.
Section 59A-15-4 - Insurance independently procured; duty to report.
Section 59A-15-5 - Validity of contract not impaired; right of insurer as to court action.
Section 59A-15-6 - Superintendent is attorney of unauthorized insurer for service of process.
Section 59A-15-7 - Service of process on unauthorized insurer.
Section 59A-15-8 - Defense of action by unauthorized insurer; bond.
Section 59A-15-9 - Enforcement of foreign decrees.
Section 59A-15-10 - Penalty for violation.
Section 59A-15-11 - Unauthorized Insurers False Advertising Process Law; title.
Section 59A-15-12 - Notice to domiciliary supervisory official.
Section 59A-15-13 - Action by superintendent.
Section 59A-15-14 - Short title; Health Care Benefits Jurisdiction Act.
Section 59A-15-16 - Jurisdiction over health care benefits providers presumed.
Section 59A-15-17 - Demonstrating jurisdiction.
Section 59A-15-18 - Examination.
Section 59A-15-19 - Disclosure.
Section 59A-15-20 - Multiple-employer welfare arrangements; regulations.