13.7.4.8 NMAC

Catastrophic Claims Bureau

Last amended: 2023Year: 2023Length: 68 wordsOfficial source
The superintendent will designate a catastrophic claims bureau to make recommendations to the superintendent concerning the declaration of a catastrophe and assignment of a catastrophic claim number. The superintendent may choose to make such designation using any of the arrangements described in Subsection D of Section 7 of this rule. The superintendent may require an insurer to report information concerning each catastrophic claim to the catastrophic claims bureau.
13.7.4.8 NMAC: Catastrophic Claims Bureau | Justis AI