N.M. Admin. Code § 13.11.2.8

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.11.2.8 - GENERAL PROHIBITION OF DEFENSE COSTS WITHIN LIMITS

No liability insurance policy, unless specified in 13.11.2.9 NMAC, shall be issued in this state which contain provisions that:

A. reduce the limits of liability in the policy by the amount of legal defense costs; or

B. permit legal defense costs to be applied against the deductible, if any.

N.M. Admin. Code § 13.11.2.8

10/13/88; 13.11.2.8 NMAC - Rn, 13 NMAC 11.2.8 NMAC, 6/30/04