A. Every prepaid dental plan organization annually on or before the first day of March shall file with the superintendent a report covering its activities for the preceding calendar year in form as prescribed by the superintendent, verified by at least two principal officers of the corporation. A copy of the report shall be sent by the prepaid dental plan organization to the department of health.
B. Such reports shall be on forms prescribed by the superintendent and shall include:
(1) an annual statement in accordance with the requirements of Section 59A-5-29 NMSA 1978 and a risk-based capital report in accordance with the requirements of Section 59A-5A-3 NMSA 1978;
(2) any material changes in the information;
(3) the number of persons who become members during the year, the number of members as of the end of the year and the number of memberships terminated during the year;
(4) the costs of all care provided and the number of units of care provided; and
(5) such other information relating to the performance of the prepaid dental plan organization as is necessary to enable the superintendent to carry out the duties prescribed by The [the] Prepaid Dental Plan Law.
C. The fee for filing the annual report shall be as specified in Section 59A-6-1 NMSA 1978.
History: Laws 1984, ch. 127, § 889; 2014, ch. 59, § 53.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
The 2014 amendment, effective July 1, 2014, required insurers to annually file a statement of financial condition and transactions and a risk-based capital report; in Subsection A, in the introductory paragraph, in the second sentence, after "plan organization to the", deleted "director of the health services division of the health and environment", and after "department", added "of health"; in Subsection B, Paragraph (1), deleted "a financial statement of the organization, including its balance sheet and receipts and disbursements for the preceding year certified as required by the form of the annual report" and added the current language; and in Subsection C, after "specified in Section", deleted "101(fee schedule) of the Insurance Code" and added "59A-6-1 NMSA 1978".
Severability. — Laws 2014, ch. 59, § 54 provided that if any part or application of the provisions of Laws 2014, ch. 59 is held invalid, the remainder or its application to other situations or persons shall not be affected.