The superintendent may suspend all or any part of Section 5 [ 59A-23C-5 NMSA 1978] of the Small Group Rate and Renewability Act as to the premium rates applicable to one or more small employers for one or more rating periods upon a filing by the small employer carrier and a finding by the superintendent that either the suspension is reasonable in light of the financial condition of the carrier or that the suspension would enhance the efficiency and fairness of the marketplace for small employer health benefits.
§ 59A-23C-9 NMSA 1978
Discretion of the superintendent
Known as the Small Group Rate and Renewability Act
The act spans §§ 59–59 (13 sections).
Laws 1991, ch. 153, § 9.
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.