New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 8 - INSURANCE POLICIES AND RATES
Part 2 - RATE FILINGS BY INSURERS AND RATE SERVICE ORGANIZATIONS
Section 13.8.2.29 - REVERSE COMPETITIVE MARKETS
Universal Citation: 13 NM Admin Code 13.8.2.29
Current through Register Vol. 35, No. 18, September 24, 2024
The following factors are likely indicators of a reverse competitive market:
A. insurance products sold or solicited in point-of-sale conjunction with purchases of consumer goods;
B. insurance products sold or solicited by individuals other than professional insurance agents;
C. products that insurers market primarily to parties other than prospective policyholders or to the parties that will pay the premium;
D. low loss ratios; or
E. high commission ratios.
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