New Mexico Statutes Chapter 59A. Insurance Code § 59A-18-13.5. Review of health insurance or plan rates; appeal to court of appeals from superintendent

(1) after evaluation of the record of evidence as a whole, that the superintendent's decision was not based on substantial evidence as to whether the proposed rates are reasonable, actuarially sound and based on reasonable administrative expenses;

(2) that the superintendent's decision was arbitrary, capricious or an abuse of discretion; or

(3) that the superintendent's decision on appeal is otherwise not in accordance with law.