N.M. Admin. Code § 13.10.4.22 - ENFORCEMENT PROCEDURES
A.
Advertising file: Each insurer shall maintain at its home or
principal office a complete file containing every printed, published or
prepared advertisement of its individual policies and typical printed,
published or prepared advertisements of its blanket, franchise and group
policies hereafter disseminated in this or any other state, whether or not
licensed in the other state, with a notation attached to each advertisement
which shall indicate the manner and extent of distribution and the form number
of any policy advertised. This file shall be subject to regular and periodical
inspection by the department of insurance. All these advertisements shall be
maintained in the file for a period of either five years or until the filing of
the next regular report on examination of the insurer, whichever is the longer
period of time.
B.
Certificate of compliance: Each insurer required to file an annual
statement which is now or which hereafter becomes subject to the provisions of
this rule must file with the department of insurance, with its annual
statement, a certificate of compliance executed by an authorized officer of the
insurer wherein it is stated that, to the best of his or her knowledge,
information and belief, the advertisements which were disseminated by the
insurer during the preceding statement year complied or were made to comply in
all respects with the provisions of this rule and the insurance laws of New
Mexico as implemented and interpreted by this rule.
Notes
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