New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 10 - HEALTH INSURANCE
Part 15 - LONG-TERM CARE INSURANCE
Section 13.10.15.47 - REQUIREMENT TO DELIVER SHOPPER'S GUIDE
Universal Citation: 13 NM Admin Code 13.10.15.47
Current through Register Vol. 35, No. 18, September 24, 2024
A. A long-term care insurance shopper's guide in the format developed by the National Association of Insurance Commissioners, or a guide developed or approved by the Superintendent, shall be provided to all prospective applicants of a long-term care insurance policy or certificate.
(1) In the case of agent solicitations, an
agent must deliver the shopper's guide prior to the presentation of an
application or enrollment form.
(2)
In the case of direct response solicitations, the shopper's guide must be sent
with any application or enrollment form.
B. Life insurance policies or riders containing accelerated long-term care benefits are not required to furnish the shopper's guide, but shall furnish the policy summary required by Section 59A-23A-6 NMSA 1978.
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