N.M. Admin. Code § 13.9.5.2
Current through Register Vol. 36, No. 1, January 14, 2025
A. This rule applies to: (1) any solicitation, negotiation or procurement of life insurance occurring within this state;(2) any issuer of life insurance contracts including fraternal benefit societies.B. Unless specifically included, this rule shall not apply to: (2) credit life insurance;(3) group life insurance (except for disclosures relating to preneed funeral contracts or prearrangements as provided in this rule; these disclosure requirements shall extend to the issuance or delivery of certificates as well as to the master policy);(4) life insurance policies issued in connection with pension and welfare plans as defined by and which are subject to the federal Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. Section 1001 et seq. as amended; or(5) variable life insurance under which the amount or duration of the life insurance varies according to the investment experience of a separate account.N.M. Admin. Code § 13.9.5.2
13.9.5.2 NMAC - Rp 13 NMAC 9.5.2, 1-1-04