A. For purposes of this section, "credit card payment" means a type of electronic funds transfer whereby: (1) an insurer issues a single-use series of numbers associated with the payment of services rendered by the provider and chargeable to a predetermined amount; and (2) the provider is responsible for processing the payment by using a credit card terminal or internet portal. B. Group coverage, including any form of self-insurance, offered, issued or renewed under the Health Care Purchasing Act that offers a dental plan shall not place restrictions on a provider regarding acceptable methods of payment, including designating credit card payments as the only acceptable form of payment. C. When transmitting a payment to a provider using an electronic funds transfer, other than one made through the automated clearinghouse network, an insurer: (1) shall not charge a fee to the provider solely to transmit a payment without the provider's consent; (2) shall notify the provider of any other fees associated with transmitting a payment; and (3) shall provide a provider with a fee-free method of transmitting a payment and provide instructions for utilizing the method. History: Laws 2023, ch. 169, § 4. Effective dates. — Laws 2023, ch. 169 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 16, 2023, 90 days after adjournment of the legislature. Applicability. — Laws 2023, ch. 169, § 12 provided that the provisions of Laws 2023, ch. 169 apply to dental plans issued for delivery or renewed in this state on or after January 1, 2024.
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