Current as of May 06, 2021 | Updated by FindLaw Staff
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As used in Chapter 59A, Article 18 NMSA 1978, “closed block of business” means a policy or group of policies that division rules identify as closed because an insurer no longer markets or sells the policy or group of policies or because the policy's or group of policies' enrollment has decreased.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-18-3.1. Closed block of business - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-18-3-1/
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