- A. An insurer shall for a policy of insurance coverage provide the named insured of the policy with premium and claim data within sixty days of receipt of a written request from the named insured.
B. As used in this section "premium and claim data" shall include:
- (1) the sum of all premiums charged or billed by the insurer for the insurance policy;
- (2) the sum of all amounts paid out pursuant to claims covered under the policy;
- (3) a list of all pending claims against the policy which are open; and
- (4) cumulative loss or claim reserves chargeable to the policy.
- C. None of the provisions of this section shall be applicable to life insurance policies or group insurance policies.
History: 1978 Comp., § 59A-18-31, enacted by Laws 1987, ch. 281, § 1.
ANNOTATIONS
Compiler's notes. — This section was enacted as 59A-18-31 NMSA 1978 by Laws 1987, ch. 281, § 1. However, since no Section 59A-18-30 NMSA 1978 existed, the section was redesignated.