The superintendent shall adopt and promulgate rules to establish standards for rates, including medical loss ratios, of short-term plans and excepted benefits plans. Rules relating to rates shall be based on generally recognized and current actuarial standards.
History: Laws 2019, ch. 235, § 5.
Effective dates. — Laws 2019, ch. 235 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 14, 2019, 90 days after the adjournment of the legislature.
Structure New Mexico Statutes
Article 23G - Short-Term Health Plan and Excepted Benefit
Section 59A-23G-1 - Short title.
Section 59A-23G-2 - Definitions.
Section 59A-23G-3 - Short-term plans; excepted benefits; standards for policy provisions.
Section 59A-23G-4 - Benefits; minimum standards.
Section 59A-23G-5 - Rates; medical loss ratios.
Section 59A-23G-6 - Prohibition; association, trust or multiple employer welfare arrangement plans.
Section 59A-23G-7 - Exclusion prohibition not applicable to excepted benefit plans or policies.