§ 59A-23C-1 Short title
§ 59A-23C-2 Purpose of act
§ 59A-23C-3 Definitions
§ 59A-23C-4 Health insurance plans subject to the Small Group Rate and Renewability Act
§ 59A-23C-5.1 Adjusted community rating
§ 59A-23C-6 Provisions on renewability of coverage
§ 59A-23C-7 Disclosure of rating practices and renewability provisions
§ 59A-23C-8 Maintenance of records
§ 59A-23C-8.1 Employer utilization and loss data availability
§ 59A-23C-9 Discretion of the superintendent
§ 59A-23C-10 Health insurers; direct services
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Terms Used In New Mexico Statutes > Chapter 59A > Article 23C - Small Group Rate and Renewability

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Dependent: A person dependent for support upon another.
  • Fraud: Intentional deception resulting in injury to another.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.