As prerequisite to continuance of its certificate of authority, each health care plan shall on or before March 1 each year file with the superintendent and with the national association of insurance commissioners an annual statement in accordance with the requirements of Section 59A-5-29 NMSA 1978 and a risk-based capital report in accordance with the requirements of Section 59A-5A-3 NMSA 1978.
§ 59A-47-14 NMSA 1978
Annual statement
Known as the Nonprofit Health Care Plan Law
The act spans §§ 59–59 (84 sections).
Laws 1984, ch. 127, § 879.12; 2014, ch. 59, § 52.
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.