N.M. Admin. Code § 13.9.14.26 - ANNUAL REPORT WITHOUT IN-FORCE ILLUSTRATIONS
A. If the annual report does not include an
in force illustration, it shall contain the following notice displayed
prominently: "IMPORTANT POLICY OWNER NOTICE: You should consider
requesting more detailed information about your policy to understand how it may
perform in the future. You should not consider replacement of your policy or
make changes in your coverage without requesting a current illustration. You
may annually request, without charge, such an illustration by calling
[insurer's phone number], writing to [insurer's name] at [insurer's address] or
contacting your agent. If you do not receive a current illustration of your
policy within 30 days from your request, you should contact your state
insurance department." The insurer may vary the sequential order of the methods
for obtaining an in force illustration.
B. Upon the request of the policy owner, the
insurer shall furnish an in force illustration of current and future benefits
and values based on the insurer's present illustrated scale. This illustration
shall comply with the requirements of 13 nmac 9.14.10, 9.14.11, 9.14.13 and
9.14.17 [now
13.9.14.10 NMAC,
13.9.14.11 NMAC,
13.9.14.13 NMAC and
13.9.14.17 NMAC]. No signature or
other acknowledgment of receipt of this illustration shall be
required.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.