N.M. Admin. Code § 13.10.15.47 - REQUIREMENT TO DELIVER SHOPPER'S GUIDE
A. A long-term care insurance shopper's guide
in the format developed by the National Association of Insurance Commissioners,
or a guide developed or approved by the Superintendent, shall be provided to
all prospective applicants of a long-term care insurance policy or certificate.
(1) In the case of agent solicitations, an
agent must deliver the shopper's guide prior to the presentation of an
application or enrollment form.
(2)
In the case of direct response solicitations, the shopper's guide must be sent
with any application or enrollment form.
B. Life insurance policies or riders
containing accelerated long-term care benefits are not required to furnish the
shopper's guide, but shall furnish the policy summary required by Section
59A-23A-6 NMSA 1978.
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