N.M. Code R. § 13.2.12.7

Current through Register Vol. 35, No. 9, May 7, 2024

Section 13.2.12.7 - [Effective 5/15/2024] DEFINITIONS

For the purpose of this rule, the following terms have the following meanings:

A."acquisition" has the same meaning as defined in Subsection A of Section 59A-63-2 NMSA 1978;

B."act" means the health care consolidation oversight act, Chapter 59A, Article 63 NMSA 1978;

C."affiliation" has the same meaning as defined in Subsection B of Section 59A-63-2 NMSA 1978;

D."authority" has the same meaning as defined in Subsection C of Section 59A-63-2 NMSA 1978;

E."control" has the same meaning as defined in Subsection D of Section 59A-63-2 NMSA 1978;

F."essential services" has the same meaning as defined in Subsection E of Section 59A-63-2 NMSA 1978;

G."health care provider" has the same meaning as defined in Subsection F of Section 59A-63-2 NMSA 1978;

H."health insurer" has the same meaning as defined in Subsection G of Section 59A-63-2 NMSA 1978;

I."hospital" has the same meaning as defined in Subsection H of Section 59A-63-2 NMSA 1978;

J."insurance holding company law" means Chapter 59A, Article 37 NMSA 1078;

K."management services organization" has the same meaning as defined in Subsection I of Section 59A-63-2 NMSA 1978;

L."notice" means a notification to the superintendent of a proposed transaction on a form provided by the superintendent, and when completed provides all the information required by Subsection E of 59A-63-2 NMSA 1978;

M."office" or "OSI" has the same meaning as defined in Subsection J of Section 59A-63-2 NMSA 1978;

N."office of general counsel" means the office of general counsel of the office of superintendent of insurance;

O."party" or "parties" has the same meaning as defined in Subsection K of Section 59A-63-2 NMSA 1978;

P."person" has the same meaning as defined in Subsection L of Section 59A-63-2 NMSA 1978;

Q."proposed transaction" means a transaction as defined in Subsection N of Section 59A-63-2 NMSA 1978, that is subject to the review of the superintendent under the act;

R."significantly modified" means a material change, alteration, or amendment to the scope of the proposed transaction from that outlined in the initial notice, that is significant enough to affect the outcome of the superintendent's determination;

S."superintendent" has the same meaning as defined in Subsection M of Section 59A-63-2 NMSA 1978;

T."toll" or "tolled" means a suspension of the 120-day time period that begins when the notice of proposed transaction is deemed complete by the superintendent or designee; and

U."transaction" has the same meaning as defined in Subsection N of Section 59A-63-2 NMSA 1978.

N.M. Code R. § 13.2.12.7

Adopted by New Mexico Register, Volume XXXV, Issue 09, May 7, 2024, eff. 5/15/2024