The NAIC Executive Committee adopted a new amendment to the model language which allows for certain types of “rebates” to be offered to consumers in early December, 2020.
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<a href="/wp-content/uploads/2023/10/NAIC-Updates-Model-Act-to-Expand-Rebate-Exceptions.pdf">Download NAIC Updates Model Act to Expand Rebate Exceptions</a>

The New Mexico superintendent of insurance has issued a third bulletin addressing the partial lifting of the filing moratorium on specific “excepted benefit” products. This recently published bulletin contains good news regarding the filing of updated rates for previously approved dental, vision and disability excepted benefits.

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There has been a flurry of bulletins from the New Mexico superintendent of insurance this year regarding the moratorium on filing forms and advertising of “excepted benefit” products. Yet another bulletin was recently published which contains good news for the industry regarding the filing of advertising.

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After eight months, the New Mexico Office of Superintendent of Insurance (OSI) has lifted its temporary moratorium on approvals of “excepted benefit” products because of a new rule that took effect on October 1, 2020. Lifting this moratorium will once again allow insurers to pursue approval of their excepted benefit products.

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