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Bill > HB235


NM HB235

NM HB235
Insurance Code Changes


summary

Introduced
02/02/2021
In Committee
03/17/2021
Crossed Over
03/06/2021
Passed
03/18/2021
Dead
Signed/Enacted/Adopted
03/18/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO INSURANCE; AMENDING, REPEALING AND ENACTING SECTIONS OF THE NEW MEXICO INSURANCE CODE.

AI Summary

This bill makes several changes to the New Mexico Insurance Code, including: - Defining "deliver" or "delivery" to include various electronic communication methods like email, electronic transmission, and fax, in addition to regular mail or personal delivery. - Expanding the superintendent of insurance's authority to issue emergency orders during a declared state of emergency to address insurance matters such as grace periods, premium refunds, and cancellation postponements. - Modifying various provisions related to insurance producer licensing, including examination requirements and reciprocity for producers licensed in other states. - Clarifying prohibitions on discrimination, rebates, and inducements for various types of insurance coverage. - Addressing requirements for health insurance policies, such as coverage for dependents up to age 26, certain preventive services, and treatment for genetic inborn errors of metabolism. - Applying certain Insurance Code provisions to health maintenance organizations and health care plans. - Updating various requirements and procedures for the New Mexico Medical Insurance Pool. - Making other technical and clarifying changes throughout the Insurance Code.

Committee Categories

Budget and Finance, Business and Industry, Justice

Sponsors (1)

Last Action

Signed by Governor - Chapter 108 - Apr. 6 (on 03/18/2021)

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