All property or casualty insurance insurers that discontinue any insurance product shall provide at least 30 days’ notice to the bureau prior to the effective date of the discontinuation of the first insurance product, by delivering a written letter to the bureau chief identifying the insurance product, including:

1. A. the effective date that the first insurance product will be discontinued; and

2. B. the total number of insured that will be affected.

   History of 13.8.7 NMAC:

   13.8.7 NMAC - Notification Requirement of Discontinuation of Insurance Product, was filed 1/16/2024 as an emergency rule, effective 2/1/2024.

   Other History: 13.8.7 NMAC - Notification Requirement of Discontinuation of Insurance Product, filed 1/16/2024 as an emergency rule, effective 2/1/2024, has been permanently replaced by 13.8.7 NMAC, Notification Requirement of Discontinuation of Insurance Product, effective 7/16/2024.

[13.8.7.8 NMAC – N, 7/16/2024]