A. The superintendent shall adopt and promulgate rules to establish specific standards: (1) that set the manner, content and required disclosure for the sale of short-term plans and excepted benefits plans, including standards for full and fair disclosure; and (2) for the sale of short-term plans and excepted benefits plans, which standards shall include standards relating to: (a) terms of renewability or extension of coverage; (b) initial and subsequent conditions of eligibility; (c) nonduplication of coverage provisions; (d) coverage of dependents; (e) preexisting conditions; (f) termination of insurance; (g) probationary periods; (h) limitations; (i) exceptions; (j) reductions and exclusions; (k) elimination periods; (l) requirements for replacement by the health insurance carrier; (m) recurrent conditions; (n) the definition of terms to describe the specific types of coverage sold pursuant to the Short-Term Health Plan and Excepted Benefit Act and specific standards and policy provisions required of these plans; (o) benefit duration; (p) scope of coverage; (q) advertising and marketing; (r) sales practices; (s) mandatory disclosures; (t) coverage suitability; and (u) policy and certificate approval. B. All advertisements, marketing materials and application and policy forms relating to short-term plans shall prominently display a notice that the coverage is unavailable to any potential insured who has been covered under a short-term plan in the previous twelve-month period. History: Laws 2019, ch. 235, § 3. Effective dates. — Laws 2019, ch. 235 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 14, 2019, 90 days after the adjournment of the legislature.
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