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 6.50.7.7 - DEFINITIONS
Universal Citation: 6 NM Admin Code 6.50.7.7
Current through Register Vol. 35, No. 18, September 24, 2024
A. "Individual line of coverage" means either "risk-related" or "group health insurance" as those terms are defined in Section 22-29-3 NMSA 1978.
B. "Minimum benefit standards" means the coverages required by the authority in its requests for proposal to the various insurance carriers.
C. "Minimum financial standards" means the premiums, deductibles, limits of liability, coinsurance and other financial parameters associated with the authority coverages as set forth in the requests for proposal sent to the various insurance carriers.
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