A group life insurance policy shall contain in substance a provision setting forth the conditions, if any, under which the insurer reserves the right to require a person eligible for insurance to furnish evidence of individual insurability satisfactory to the insurer as a condition to part or all of his coverage.
History: Laws 1984, ch. 127, § 412.
Conditions for acceptance of application allowed. — The retention of the premium check by the life insurance company, and its failure to give notice of rejection after learning of the death of the applicant, does not constitute an acceptance of the application where applicant has undergone heart surgery, has been refused insurance by other companies, is advised that permission to contact his physician would be required by the company, and that his application would have to be approved by the company before it would become effective. Stubben v. National Fid. Life Ins. Co., 1968-NMSC-013, 78 N.M. 667, 437 P.2d 128.
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.