N.M. Admin. Code § 6.50.9.9

Current through Register Vol. 35, No. 24, December 23, 2024
Section 6.50.9.9 - AUTHORITY'S LIMITATION OF LIABILITY FOR DUPLICATE OR OVERLAPPING BENEFITS PREMIUMS PAID

To the extent that the insurance coverage purchased by the member or individual participant duplicates or overlaps insurance coverage provided by the authority, the authority will not reduce or rebate any portion of its premium nor is the authority liable to the participating entity or to any individual participant for any premiums paid by the participating entity or the individual participant for duplicate or overlapping coverage.

N.M. Admin. Code § 6.50.9.9

10-31-86, 3-22-93; Recompiled 10/31/01, Adopted, New Mexico Register, Volume XXV, Issue 16, August 29, 2014, eff. 9/1/2014, Amended by New Mexico Register, Volume XXXV, Issue 23, December 10, 2024, eff. 12/10/2024