New Mexico § 59A-23A-5 Extraterritorial jurisdiction; group long-term care

New Mexico Statutes

§ 59A-23A-5 — Extraterritorial jurisdiction; group long-term care

New Mexico·Ch. 59A Insurance Code·Art. 23A Long-Term Care Insurance

insurance. No group long-term care insurance coverage may be offered to a resident of this state under a group policy issued in another state to a group described in Paragraph (4) of Subsection C of Section 59A-23A-4 NMSA 1978, unless the superintendent has determined prior to the offer that: A. the coverage meets the requirements of Chapter 59A, Article 23A NMSA 1978 and any regulations pertaining thereto, or the insurance commissioner of another state having statutory and regulatory long-term care insurance requirements substantially similar to those adopted in New Mexico has determined that such requirements have been met; and B. the requirements of Section 59A-23-8 NMSA 1978 have been met.

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insurance. No group long-term care insurance coverage may be offered to a resident of this state under a group policy issued in another state to a group described in Paragraph (4) of Subsection C of Section 59A-23A-4 NMSA 1978, unless the superintendent has determined prior to the offer that: A. the coverage meets the requirements of Chapter 59A, Article 23A NMSA 1978 and any regulations pertaining thereto, or the insurance commissioner of another state having statutory and regulatory long-term care insurance requirements substantially similar to those adopted in New Mexico has determined that such requirements have been met; and B. the requirements of Section 59A-23-8 NMSA 1978 have been met.

New Mexico § 59A-23A-5 (Extraterritorial jurisdiction; group long-term care) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.