New Mexico Statutes 59A-18-3.2. “Block of business” defined
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As used in N.M. Stat. Ann. Chapter 59A, Article 18, “block of business” means a particular policy or pool that provides health insurance, that an insurer issues to one or more individuals and that includes distinct benefits, services and terms.
Terms Used In New Mexico Statutes 59A-18-3.2
- policy: means any contract of insurance, indemnity, health care, suretyship or annuity between the insurer and the insured, by whatever name such contract is called, and includes all clauses, riders, endorsements and papers which are a part thereof. See New Mexico Statutes 59A-18-2