A. The superintendent shall adopt and promulgate rules to establish specific standards:(1) that set the manner, content and required disclosure for the sale of short-term plans and excepted benefits plans, including standards for full and fair disclosure; and(2) for the sale of short-term plans and excepted benefits plans, which standards shall include standards relating to:(a) terms of renewability or extension of coverage;(b) initial and subsequent conditions of eligibility;(c) nonduplication of coverage provisions;(d) coverage of dependents;(e) preexisting conditions;(f) termination of insurance;(g) probationary periods;(h) limitations;(i) exceptions;(j) reductions and exclusions;(k) elimination periods;(l) requirements for replacement by the health insurance carrier;(m) recurrent conditions; (n) the definition of terms to describe the specific types of coverage sold pursuant to the Short-Term Health Plan and Excepted Benefit Act and specific standards and policy provisions required of these plans;(o) benefit duration; (p) scope of coverage; (q) advertising and marketing; (r) sales practices; (s) mandatory disclosures; (t) coverage suitability; and(u) policy and certificate ired of these plans;(o) benefit duration; (p) scope of coverage; (q) advertising and marketing; (r) sales practices; (s) mandatory disclosures; (t) coverage suitability; and(u) policy and certificate approval. B. All advertisements, marketing materials and application and policy forms relating to short-term plans shall prominently display a notice that the coverage is unavailable to any potential insured who has been covered under a short-term plan in the previous twelve-month period. History: Laws 2019, ch. 235, § 3. ANNOTATIONSEffective dates. — Laws 2019, ch. 235 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 14, 2019, 90 days after the adjournment of the legislature.
New Mexico Legal Code