Conduct of advisory organization.

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. Insurance Rates and Rating
  5. Conduct of advisory organization.

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A. An advisory organization shall furnish its services without discrimination to its members and subscribers.

B. An advisory organization shall not adopt any rule, the effect of which would be to prohibit or regulate payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers.

History: Laws 1984, ch. 127, § 317; 2007, ch. 367, § 23.

ANNOTATIONS

The 2007 amendment, effective July 1, 2007, changed "rate service organizations" to "advisory organizations".


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