N.M. Code R. § 13.18.2.39

Current through Register Vol. 35, No. 11, June 11, 2024

Section 13.18.2.39 - AUTHORIZED REPRESENTATIVES OF THE INSURER

The insurer may designate or engage one or more representatives for the purpose of investigating or settling claims and complaints, processing production reports, calculating reserves, printing of approved forms, and providing other administrative services authorized by law, provided:

A. such services are performed under the supervision and direction of the insurer, and the insurer shall remain responsible for their proper performance;

B. the work product of representatives of the insurer are the property of the insurer and shall be available for examination by the superintendent, together with the supporting data used in their preparation;

C. all claims shall be promptly reported to the insurance company, or its designated claim representative, and all claims shall be settled as soon as reasonably possible and in accordance with the terms of the insurance contract.

N.M. Code R. § 13.18.2.39

7/1/97; 13.18.2.39 NMAC - Rn, 13 NMAC 18.2.39, 12/31/07