For the purposes of this act [ 59A-21-26 to 59A-21-28 NMSA 1978], "published monthly average" means "Moody's corporate bond yield average-monthly average corporates" as published by Moody's Investors Service, Inc. or any successor thereto or in the event that "Moody's corporate bond yield average-monthly average corporates" is no longer published, a substantially similar average as established by regulation of the superintendent of insurance.
§ 59A-21-27 NMSA 1978
Definition
Known as the Group Life Insurance Law
The act spans §§ 59–59 (28 sections).
1978 Comp., § 59-16-45, enacted by Laws 1983, ch. 283, § 2; 1978 Comp., § 59-16-45, recompiled as § 59A-21-27 by Laws 1987, ch. 259, § 32.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.