N.M. Admin. Code § 6.50.7.7

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

Section 6.50.7.7 - DEFINITIONS

A. "Individual line of coverage" means either "risk-related" or "group health insurance" as those terms are defined in Section 22-29-3 NMSA 1978.

B. "Minimum benefit standards" means the coverages required by the authority in its requests for proposal to the various insurance carriers.

C. "Minimum financial standards" means the premiums, deductibles, limits of liability, coinsurance and other financial parameters associated with the authority coverages as set forth in the requests for proposal sent to the various insurance carriers.

N.M. Admin. Code § 6.50.7.7

10-15-97; Recompiled 10/31/01

Adopted, New Mexico Register, Volume XXV, Issue 16, August 29, 2014, eff. 9/1/2014