N.M. Admin. Code § 13.9.8.13

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

Section 13.9.8.13 - REQUIRED REPORTS

A. Any insurer authorized to transact the business of variable life insurance in this state shall submit to the superintendent, in addition to any other materials which may be required by this rule or any other applicable laws or regulations:

(1) an annual statement of the business of its separate account or accounts in such form as may be prescribed by the national association of insurance commissioners;

(2) prior to the use in this state any information furnished to applicants as provided for in 13 NMAC 9.8.34 [now 13.9.8.34 NMAC];

(3) prior to the use in this state the form of any of the reports to policyholders as provided for in 13 NMAC 9.8.36 [now 13.9.8.36 NMAC]; and

(4) such additional information concerning its variable life insurance operations or its separate accounts as the superintendent shall deem necessary.

B. Any material submitted to the superintendent under this section shall be disapproved if it is found to be false, misleading, deceptive, or inaccurate in any material respect and, if previously distributed, the superintendent shall require the distribution of amended material.

N.M. Admin. Code § 13.9.8.13

12/1/85; Recompiled 11/30/01