NM | The New Mexico Office of Superintendent of Insurance (“OSI”) has been asked to approve numerous excepted benefit plans that do not comply with Rule 13.10.34 NMAC. This bulletin (Bulletin 2021-011) identifies the frequently encountered benefit design and compliance errors. Because it may not be possible for filers to modify proposed filings, or correct previous filings, consistent with the new rules and this guidance by the current compliance deadline, the OSI plans to revise the Rule to allow issuers to continue marketing previously approved excepted benefit forms until October 1, 2022.
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