13.8.2.29 NMAC

Reverse Competitive Markets

Last amended: 2007Year: 2026Length: 68 wordsOfficial source
The following factors are likely indicators of a reverse competitive market: A. insurance products sold or solicited in point-of-sale conjunction with purchases of consumer goods; B. insurance products sold or solicited by individuals other than professional insurance agents; C. products that insurers market primarily to parties other than prospective policyholders or to the parties that will pay the premium; D. low loss ratios; or E. high commission ratios.
13.8.2.29 NMAC: Reverse Competitive Markets | Justis AI