A. The claims practices of every administrator, insurer, plan or alternative to insurance, as defined in N.M. Stat. Ann. Chapter 59A, Article 12A, shall be subject to the provisions of N.M. Stat. Ann. Chapter 59A, Article 16.

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B. The claims practices of any insurer, plan or alternative to insurance as defined in N.M. Stat. Ann. Chapter 59A, Article 12A shall be subject to the provisions of the Insurance Code.