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New Mexico Statutes Chapter 59A. Insurance Code § 59A-18-30. Disclosure of premium and claim data

Current as of January 01, 2024 | Updated by FindLaw Staff

A. An insurer shall for a policy of insurance coverage provide the named insured of the policy with premium and claim data within sixty days of receipt of a written request from the named insured.

B. As used in this section “premium and claim data” shall include:

(1) the sum of all premiums charged or billed by the insurer for the insurance policy;

(2) the sum of all amounts paid out pursuant to claims covered under the policy;

(3) a list of all pending claims against the policy which are open; and

(4) cumulative loss or claim reserves chargeable to the policy.

C. None of the provisions of this section shall be applicable to life insurance policies or group insurance policies.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-18-30. Disclosure of premium and claim data - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-18-30/

Read this complete New Mexico Statutes Chapter 59A. Insurance Code § 59A-18-30. Disclosure of premium and claim data on Westlaw. Westlaw subscription required.

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