New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 10 - HEALTH INSURANCE
Part 5 - GROUP COVERAGE DISCONTINUANCE AND REPLACEMENT
Section 13.10.5.7 - DEFINITIONS
Current through Register Vol. 35, No. 18, September 24, 2024
As used in this rule:
A. "accrued liability" means liabilities established on the date an injury is sustained or an illness commences.
B. "group contract" means a contract for health or disability insurance or an HMO contract made with an employer or other entity that covers a group of persons, identified as individuals, because of their relationship to the covered entity.
C. "HMO" means health maintenance organization as defined in 59A-46-2 NMSA 1978.
D. "prior carrier" means the carrier of group coverage provided by the employer or other entity immediately prior to the effective date of discontinuance and which has or has not been replaced by a succeeding carrier's coverage plan.
E. "succeeding carrier" means the carrier of group coverage provided by an employer or other entity which is issued within ninety days after the discontinuance of the prior plan.
F. "totally disabled" means: