A. This article [Chapter 59A, Article 21 NMSA 1978] may be cited as the "Group Life Insurance Law".
B. The purpose of this article is to define group life insurance and to prescribe standard provisions required in policies of group life insurance, in order to promote the peace, health and safety of the inhabitants of this state by providing reasonable standards for issuance, delivery and terms of any policy of group life insurance, and exercise of certain rights relative thereto.
History: Laws 1984, ch. 127, § 399.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 44 Am. Jur. 2d Insurance §§ 1842 to 1870.
44 C.J.S. Insurance § 8 et seq.
Structure New Mexico Statutes
Article 21 - Group Life Insurance
Section 59A-21-1 - Short title; purpose.
Section 59A-21-2 - Group contracts must meet requirements.
Section 59A-21-3 - "Group policy" defined.
Section 59A-21-4 - Employee groups.
Section 59A-21-5 - Debtor groups.
Section 59A-21-6 - Labor union groups.
Section 59A-21-7 - Trustee groups.
Section 59A-21-8 - Association groups.
Section 59A-21-9 - Discretionary groups.
Section 59A-21-10 - Dependents' coverage.
Section 59A-21-11 - Standard and required provisions.
Section 59A-21-12 - Grace period.
Section 59A-21-13 - Noncontestability.
Section 59A-21-14 - Statements by insured.
Section 59A-21-15 - Evidence of insurability.
Section 59A-21-16 - Misstatement of age.
Section 59A-21-17 - Payment to beneficiary; funeral expenses.
Section 59A-21-18 - Certificate or statement of insurance protection.
Section 59A-21-20 - Conversion privilege; termination of group policy.
Section 59A-21-21 - Conversion privilege; death benefit.
Section 59A-21-22 - Conversion privilege; extension by failure to give notice.
Section 59A-21-23 - Continuance of coverage during total disability.
Section 59A-21-24 - Assignment of interest under policy.
Section 59A-21-25 - Coverage under group policy issued in another state.
Section 59A-21-27 - Definition.
Section 59A-21-28 - Maximum rate of interest on policy loans.