N.M. Admin. Code § 13.10.4.19

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

Section 13.10.4.19 - GROUP OR QUASI-GROUP IMPLICATIONS

A. An advertisement of a particular policy shall not state or imply that prospective insureds become group or quasi-group members covered under a group policy and as such enjoy special rates or underwriting privileges, unless that is the fact.

B. This rule prohibits the solicitations of a particular class, such as governmental employees, by use of advertisements which state or imply that their occupational status entitles them to reduced rates on a group or other basis when, in fact, the policy being advertised is sold only on an individual basis at regular rates.

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