Closed block of business.

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. The Insurance Contract
  5. Closed block of business.

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As used in Chapter 59A, Article 18 NMSA 1978, "closed block of business" means a policy or group of policies that division rules identify as closed because an insurer no longer markets or sells the policy or group of policies or because the policy's or group of policies' enrollment has decreased.

History: Laws 2011, ch. 144, § 10.

ANNOTATIONS

Effective dates. — Laws 2011, ch. 144, § 14 made Laws 2011, ch. 144, § 10 effective January 1, 2012.


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