Discretionary groups.

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. Group Life Insurance
  5. Discretionary groups.

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A policy of group life insurance may be issued to any other group that, in the discretion of the superintendent, may be subject to the issuance of a group life insurance contract.

History: Laws 1984, ch. 127, § 406a; 2013, ch. 74, § 25.

ANNOTATIONS

The 2013 amendment, effective March 29, 2013, authorized the superintendent of insurance to approve the issuance of group life insurance; and after "discretion of the", deleted "commission" and added "superintendent".


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