A. Each licensee shall file with the superintendent on or before March 1 of each year an annual statement containing such information as the superintendent by rule may prescribe.
B. Except as otherwise allowed, a provider, broker, insurance company, insurance agent, insurance broker, information bureau, rating agency or company or any other person with actual knowledge of a viator's or insured's identity shall not disclose that identity to any other person unless the disclosure is:
(1) necessary to effect a viatical settlement between the viator and a provider and the viator has given written consent and, if the insured's identity is being disclosed and the insured is competent, the insured has given written consent to the disclosure;
(2) provided in response to an investigation by the superintendent or any other governmental officer or agency; or
(3) a term of or condition to the transfer of a viaticated policy by one provider to another provider.
History: Laws 1999, ch. 246, § 6.
Effective dates. — Laws 1999, ch. 246, § 13, made the Viatical Settlements Act effective July 1, 2000.
Structure New Mexico Statutes
Article 20A - Viatical Settlements
Section 59A-20A-1 - Short title.
Section 59A-20A-2 - Definitions.
Section 59A-20A-3 - License requirements; fees.
Section 59A-20A-4 - License denial, suspension, revocation or refusal to renew.
Section 59A-20A-6 - Reporting requirements and confidentiality.
Section 59A-20A-7 - Examination.
Section 59A-20A-8 - Disclosure.
Section 59A-20A-9 - General rules.