SB 221 - Prohibits Additional Unfair Claims Practices Under New Mexico Insurance Code - New Mexico Key Vote

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Title: Prohibits Additional Unfair Claims Practices Under New Mexico Insurance Code

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Title: Prohibits Additional Unfair Claims Practices Under New Mexico Insurance Code

Vote Smart's Synopsis:

Vote to pass a bill that prohibits additional unfair claims practices under New Mexico's insurance code.

Highlights:

  • Prohibits insurers from treating a customer’s inquiry of damage or loss as a claim if the inquiry is not covered in the policy and no payment is made, and classifies a violation as an unfair and deceptive practice (Sec. 1).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 2).

Title: Prohibits Additional Unfair Claims Practices Under New Mexico Insurance Code

Title: Prohibits Additional Unfair Claims Practices Under New Mexico Insurance Code

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