New Mexico § 59A-23C-9 Discretion of the superintendent

New Mexico Statutes

§ 59A-23C-9 — Discretion of the superintendent

New Mexico·Ch. 59A Insurance Code·Art. 23C Small Group Rate and Renewability

The superintendent may suspend all or any part of Section 5 [59A-23C-5 NMSA 1978] of the Small Group Rate and Renewability Act as to the premium rates applicable to one or more small employers for one or more rating periods upon a filing by the small employer carrier and a finding by the superintendent that either the suspension is reasonable in light of the financial condition of the carrier or that the suspension would enhance the efficiency and fairness of the marketplace for small employer health benefits.

Free access — add to your briefcase to read the full text and ask questions with AI

The superintendent may suspend all or any part of Section 5 [59A-23C-5 NMSA 1978] of the Small Group Rate and Renewability Act as to the premium rates applicable to one or more small employers for one or more rating periods upon a filing by the small employer carrier and a finding by the superintendent that either the suspension is reasonable in light of the financial condition of the carrier or that the suspension would enhance the efficiency and fairness of the marketplace for small employer health benefits.

New Mexico § 59A-23C-9 (Discretion of the superintendent) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.