SALE OF SHORT-TERM, LIMITED-DURATION PLANS.

# STATE OF NEW MEXICO ## OFFICE OF SUPERINTENDENT OF INSURANCE DEPUTY SUPERINTENDENT Robert E. Doucette, Jr. NM OFFICE OF SUPERINTENDENT OF INSURANCE 2019 APR 25 AM 10:4 FILED  NEW MEXICO OFFICE OF SUPERINTENDENT OF INSURANCE DEPUTY SUPERINTENDENT Bryan E. Brock SUPERINTENDENT OF INSURANCE John G. Franchini BULLETIN 2019-005 April 25, 2019 TO: EVERY ENTITY OFFERING INDIVIDUAL SHORT-TERM, LIMITED-DURATION HEALTH BENEFITS PLANS TO NEW MEXICO RESIDENTS RE: SALE OF SHORT-TERM, LIMITED-DURATION PLANS THE FOLLOWING BULLETIN is issued pursuant to NMSA 1978, §§ 59A-2-8, 59A-2-10 and 13.1.2.1 to 13.1.2.10 and 13.10.29.7(S)(2) NMAC. On February 12, 2019, the Superintendent finalized a rule defining a short-term, limited-duration (STLD) plan issued in New Mexico as meaning: a nonrenewable major medical plan with a specified duration of not more than three months that is issued only to individuals who have not been enrolled in a plan providing the same or similar nonrenewable coverage from any carrier within the past twelve months and which so states in all advertisements, marketing materials and applicable policy forms. See 13.10.29.7(S)(2) NMAC. To date, certain carriers continue to offer noncompliant STLD plans to New Mexico residents. Carriers shall immediately cease to sell plans not in compliance with 13.10.29.7(S)(2) NMAC. Any plan not meeting the definition in 13.10.29.7(S)(2) NMAC shall not be sold going forward and shall be terminated no later than December 31, 2019. Questions regarding this Bulletin may be directed to the Life and Health Product Filing Bureau at (505) 827-4601. DONE AND ORDERED this 25th day of April 2019. John G. Franchini JOHN G. FRANCHINI Superintendent of Insurance Main Office: 1120 Paseo de Peralta, Room 428, Santa Fe, NM 87501 Satellite Office: 6200 Uptown Blvd NE, Suite 100, Albuquerque, NM 87110 Main Phone: (505) 827-4601 | Satellite Phone: (505) 322-2186 | Toll Free: (855) 4 - ASK - OSI www.osi.state.nm.us