N.M. Admin. Code § 13.18.2.38
Current through Register Vol. 35, No. 24, December 23, 2024
No group policy may be issued to other than a creditor. No first beneficiary may be designated except a creditor. No creditor may be designated as owner of the individual policy nor have any rights thereunder other than that of first beneficiary as specifically authorized by law.
N.M. Admin. Code § 13.18.2.38