New Mexico Register / Volume XXXV,
Issue 23 / December 10, 2024
This is an
amendment to 6.50.9 NMAC, Sections 9, 10 and 11, effective 12/10/2024.
6.50.9.9 AUTHORITY'S
LIMITATION OF LIABILITY FOR DUPLICATE OR OVERLAPPING BENEFITS PREMIUMS
PAID: To the extent
that the insurance coverage purchased by the member or individual participant
duplicates or overlaps insurance coverage provided by the authority, the
authority will not reduce or rebate any portion of its premium nor is the
authority liable to the participating entity or to any individual participant
for any premiums paid by the participating entity or the individual participant
for duplicate or overlapping coverage.
[6.50.9.9 NMAC - Rp, 6
NMAC 50.9.9, 09/01/2014; A, 12/10/2024]
6.50.9.10 [RISK RELATED] RISK-RELATED
OVERLAPPING INSURANCE COVERAGES: Where there is other insurance, no matter how
acquired or provided to an insured, the authority shall follow the
"guiding principles for overlapping insurance coverages " adopted by
the association of casualty and surety companies, the inland marine
underwriters association, the national automobile underwriters association, the
national board of fire underwriters, the national bureau of casualty
underwriters and the surety association of America to determine the obligations
of the authority with respect to apportionment of losses with other insurers.
[6.50.9.10 NMAC - Rp, 6
NMAC 50.9.10, 09/01/2014; A, 12/10/2024]
6.50.9.11 EMPLOYEE BENEFITS
COVERAGE/COORDINATION OF BENEFITS RULES: Coordination of benefits ("COB")
rules of the authority’s medical and dental carrier shall prevail in any
situation where a conflict exists with any other authority benefits carrier. In
the event of a conflict among authority carriers addressed by COB rules, the
COB rules of the carrier of coverages wherein the authority is at risk will
prevail. In the event of a conflict between an authority carrier and a
non-authority carrier addressed by the COB rules of the authority carrier, the
authority carrier COB rules will prevail.
[6.50.9.11 NMAC - Rp, 6
NMAC 50.9.11, 09/01/2014; A, 12/10/2024]