New Mexico Administrative Code
Title 6 - PRIMARY AND SECONDARY EDUCATION
Chapter 50 - INSURANCE
Part 7 - EMPLOYEE-BENEFIT AND RISK-RELATED MINIMUM BENEFIT AND FINANCIAL STANDARDS PARTICIPATION WAIVER
Section 6.50.7.14 - AUTOMATIC WAIVER ALLOWED

Universal Citation: 6 NM Admin Code 6.50.7.14
Current through Register Vol. 35, No. 18, September 24, 2024

School districts and charter schools are entitled to an automatic waiver for any line of coverage where the employee pays the full amount of the premium. If the school district or charter school desires insurance protection for a particular line of employee-pay-all coverage, the school district or charter school must affirmatively petition the authority for coverage. In granting the coverage the board shall first determine that the school district or charter school meets the minimum participation requirements as established by the board from time to time, that the school district or charter school will carry the coverage through the end of the contract period and that approval will not jeopardize the stability of the fund.

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