N.M. Admin. Code § 13.1.2.8

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.1.2.8 - USE OF BULLETINS

A. The superintendent may issue bulletins requiring any person or company subject to regulation by the department:

(1) to comply with requests from the superintendent to provide information useful in the lawful enforcement or administration of any provision of a rule adopted by the department or of the Insurance Code;

(2) to respond to an inquiry from the superintendent with respect to any transaction or matter within the scope of the superintendent's supervision;

(3) to comply with an order requiring that certain actions be performed.

B. The superintendent may issue bulletins:

(1) indicating his understanding of the meaning of a statute or rule;

(2) indicating his understanding of the applicability of a statute or rule;

(3) providing an explanation of how a statute or rule is to be administered in practice;

(4) in response to inquiries from insurers, insurance professionals or the public clarifying ambiguous terms or requirements of existing law.

N.M. Admin. Code § 13.1.2.8

7/1/97; Recompiled 11/30/01