Recision of “STOP LOSS” bulletin# 2015-005

STATE OF NEW MEXICO OFFICE OF SUPERINTENDENT OF INSURANCE P.O. Box 1689, Santa Fe, NM 87504-1689 1120 Paseo de Peralta, Room 428, Santa Fe, NM 87501 Phone: (505) 827-4601; Fax (505) 827-4734 NM OFFICE OF SUPERINTENDENT OF INSURANCE 2015 MAR 10 AM 7 05 SUPERINTENDENT OF INSURANCE John G. Franchini (505) 827-4299  ACTING DEPUTY SUPERINTENDENT Alan Seeley (505) 827-4307 FILED ## BULLETIN NO. 2015-010 TO: EVERY INSURER, NONPROFIT HEALTH CARE PLAN, HEALTH MAINTENANCE ORGANIZATION, AND PREPAID DENTAL PLAN TRANSACTING BUSINESS IN NEW MEXICO FROM: JOHN G. FRANCHINI, SUPERINTENDENT OF INSURANCE DATE: MARCH 9, 2015 RE: RESCISION OF "STOP LOSS" BULLETIN NO. 2015-005 This Bulletin is issued pursuant to Section 59A-2-8 NMSA 1978 of the New Mexico Insurance Code, 13.1.2 et seq. NMAC. On February 19, 2015, the Superintendent issued Bulletin No. 2015-005, which related to health "stop loss" or "excess benefit" insurance. That Bulletin No. 2015-005 is hereby rescinded in full. This rescission specifically contemplates further study of the economic, industry and consumer effects of the implementation of the terms of the Bulletin No. 2015-005, which is itself based upon the explicit terms of the Insurance Code, NMSA 1978 §59A-7-3C(2). A task force to undertake this evaluation shall be formed immediately under the leadership of this agency. ISSUED at Santa Fe, New Mexico on March 9, 2015. OFFICE OF NEW MEXICO SUPERINTENDENT OF INSURANCE John G. Franchini