N.M. Admin. Code § 13.8.2.29

Current through Register Vol. 35, No. 17, September 10, 2024

Section 13.8.2.29 - REVERSE COMPETITIVE MARKETS

The following factors are likely indicators of a reverse competitive market:

A. insurance products sold or solicited in point-of-sale conjunction with purchases of consumer goods;

B. insurance products sold or solicited by individuals other than professional insurance agents;

C. products that insurers market primarily to parties other than prospective policyholders or to the parties that will pay the premium;

D. low loss ratios; or

E. high commission ratios.

N.M. Admin. Code § 13.8.2.29

13.8.2.29 NMAC - N, 10-1-07