New Mexico Statutes Chapter 59A. Insurance Code § 59A-23-8. Group formed to purchase health insurance; limitations

A. No policy or certificate of group health insurance may be renewed, delivered or issued for delivery in this state to a group formed for the purpose of purchasing one or more policies of group health insurance unless the superintendent has approved the issuance. The superintendent shall not grant his approval unless he finds that:

B. An insurer may exclude or limit the coverage in a policy issued pursuant to this section for any person as to whom evidence of insurability is not satisfactory to the insurer.

C. The provisions of this section apply to the offering in this state of a policy issued in another state or its certificates.