The superintendent may suspend, revoke or refuse to continue the certificate of authority of any health care plan if the health care plan no longer fulfills the qualifications therefor as stated in this article or on any applicable ground, procedure and conditions on which he could suspend, revoke or refuse continuance of the certificate of authority of an insurer under Article 5 [Chapter 59A, Article 5 NMSA 1978] (authorization of insurers and general requirements) of the Insurance Code.
§ 59A-47-12 NMSA 1978
Suspension, revocation or refusal to continue certificate of authority
Known as the Nonprofit Health Care Plan Law
The act spans §§ 59–59 (84 sections).
Laws 1984, ch. 127, § 879.10.
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.