New Mexico Administrative Code
Title 6 - PRIMARY AND SECONDARY EDUCATION
Chapter 50 - INSURANCE
Part 8 - EMPLOYEE-BENEFIT AND RISK-RELATED PREMIUM PAYMENTS
Section 6.50.8.11 - FAILURE TO PAY PREMIUMS WHEN DUE
Universal Citation: 6 NM Admin Code 6.50.8.11
Current through Register Vol. 35, No. 18, September 24, 2024
If any member or individual participant responsible for making a premium payment fails to make the premium payments when due, the member or individual participant shall be subject to suspension of coverage or in an extreme case, as determined by the board, to termination of coverage. Notice of suspension or termination of coverage shall be given to the member or to the individual as appropriate. Where the coverage has been suspended for non-payment of premiums, the authority shall act to protect the stability of the fund in determining whether to reinstate coverage.
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