In addition to any other applicable penalties for violations of the Insurance Code, the superintendent may impose penalties pursuant to the provisions of Section 59A-1-18 NMSA 1978, for a violation of the Medicare Supplement Act. The superintendent may require issuers violating any provision of the Medicare Supplement Act or regulations adopted pursuant to that act to cease marketing any medicare supplement policy or certificate in this state that is related directly or indirectly to a violation or may require the issuer to take actions that are necessary to comply with the provisions of that act, or both.
History: Laws 1989, ch. 28, § 14; 1992, ch. 3, § 11.
Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
The 1992 amendment, effective March 2, 1992, added all of the present language of the first sentence following "Code"; and, in the second sentence, substituted "issuers" for "insurers", deleted ", subscriber contract" following "policy", substituted "that is related" for "which is related", and substituted "the issuer" for "such issuer".
Structure New Mexico Statutes
Article 24A - Medicare Supplements
Section 59A-24A-1 - Short title.
Section 59A-24A-2 - Applicability and scope.
Section 59A-24A-3 - Definitions.
Section 59A-24A-4 - Standards for policy provisions; authority to promulgate regulations.
Section 59A-24A-6 - Loss ratio standards.
Section 59A-24A-8 - Filing of health insurance for seniors; rates and forms.
Section 59A-24A-9 - Disclosure standards.
Section 59A-24A-10 - Notice of free examination.
Section 59A-24A-12 - Filing requirements for advertising.
Section 59A-24A-13 - Administrative procedures.