1. A. The superintendent shall adopt and promulgate rules to establish specific standards:

   1. (1) that set the manner, content and required disclosure for the sale of short-term plans and excepted benefits plans, including standards for full and fair disclosure; and

   2. (2) for the sale of short-term plans and excepted benefits plans, which standards shall include standards relating to:

      1. (a) terms of renewability or extension of coverage;
      2. (b) initial and subsequent conditions of eligibility;
      3. (c) nonduplication of coverage provisions;
      4. (d) coverage of dependents;
      5. (e) preexisting conditions;
      6. (f) termination of insurance;
      7. (g) probationary periods;
      8. (h) limitations;
      9. (i) exceptions;
      10. (j) reductions and exclusions;
      11. (k) elimination periods;
      12. (l) requirements for replacement by the health insurance carrier;
      13. (m) recurrent conditions;
      14. (n) the definition of terms to describe the specific types of coverage sold pursuant to the Short-Term Health Plan and Excepted Benefit Act and specific standards and policy provisions required of these plans;
      15. (o) benefit duration;
      16. (p) scope of coverage;
      17. (q) advertising and marketing;
      18. (r) sales practices;
      19. (s) mandatory disclosures;
      20. (t) coverage suitability; and
      21. (u) policy and certificate approval.
2. B. All advertisements, marketing materials and application and policy forms relating to short-term plans shall prominently display a notice that the coverage is unavailable to any potential insured who has been covered under a short-term plan in the previous twelve-month period.

History: Laws 2019, ch. 235, § 3.

ANNOTATIONS

Effective dates. — Laws 2019, ch. 235 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 14, 2019, 90 days after the adjournment of the legislature.