N.M. Admin. Code § 13.19.4.21 - EFFECT OF REGISTRATION
A.
Deemed to be an insurer. Upon approval of the application for
registration, a self-funded MEWA is deemed to be an "insurer" under Subsection
A of Section
59A-1-8 NMSA 1978.
B.
Deemed to be an authorized
issuer. Upon approval of the application for registration, a self-funded
MEWA is deemed to be an authorized insurer for purposes of compliance with
state and federal law.
C.
Plan deemed to be a contract. The health benefits plan of a
registered self-funded MEWA is deemed to be a health benefits plan under state
and federal law.
Notes
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