The purpose of the Long-Term Care Insurance Law is to promote the public interest in and the availability of long-term care insurance policies, protect applicants for long-term care insurance from unfair or deceptive sales or enrollment practices, establish standards for long-term care insurance, facilitate public understanding and comparison of long-term care insurance policies and facilitate flexibility and innovation in the development of long-term care insurance coverage.
History: Laws 1989, ch. 136, § 2; 1993, ch. 126, § 7.
The 1993 amendment, effective June 18, 1993, substituted "Law" for "Act".
Structure New Mexico Statutes
Article 23A - Long-Term Care Insurance
Section 59A-23A-1 - Short title.
Section 59A-23A-4 - Definitions.
Section 59A-23A-5 - Extraterritorial jurisdiction; group long-term care insurance.
Section 59A-23A-6 - Long-term care insurance; standards; requirements.
Section 59A-23A-7 - Preexisting condition; definition; coverage.
Section 59A-23A-8 - Incontestability period.
Section 59A-23A-9 - Authority to promulgate regulations.
Section 59A-23A-10 - Penalties.