N.M. Code R. § 13.10.4.19
Group or Quasi-group Implications
Effective Nov 30, 2001State of New Mexico
- A. An advertisement of a particular policy shall not state or imply that prospective insureds become group or quasi-group members covered under a group policy and as such enjoy special rates or underwriting privileges, unless that is the fact.
B. This rule prohibits the solicitations of a particular class, such as governmental employees, by use of advertisements which state or imply that their occupational status entitles them to reduced rates on a group or other basis when, in fact, the policy being advertised is sold only on an individual basis at regular rates.
[7/1/97; Recompiled 11/30/01]