N.M. Admin. Code § 13.8.7.7 - DEFINITIONS
As used in this part, the following terms are defined:
A.
"bureau" means the property
and casualty bureau of the OSI.
B.
"delivering" means sending via electronic mail to the bureau chief
listed on the OSI website or sending via U. S. mail addressed to the bureau
chief listed on the OSI website.
C.
"discontinue or discontinuation" means any of the following:
(1) an insurer's unilateral decision to
terminate an insurance product during a policy term or to not renew an
insurance product after the end of a policy term;
(2) such termination of an insurance product
by an insurer when a replacement insurance product is offered by an affiliate
or by the insurer; or
(3) an
insurer's unilateral decision to no longer offer an insurance
product.
D.
"insurance product" means the coverage or subline that is the
subject of a policy, contract, or certificate of insurance, including any
application, endorsement or related form that is attached to and made a part of
the policy or contract.
Notes
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