NM | The Office of Superintendent of Insurance today issued Bulletin 2023-017. It announces that the Legislature directed the Superintendent to adopt and promulgate rules for Multiple Employer Welfare Arrangements (“MEWA”) in NMSA 1978 §59A-15-20. These regulations primarily addressed self-funded MEWAs, without specifically addressing requirements as other types of MEWAs, including Employee Leasing Contractors.
On June 16, 2023, HB255 becomes law, which codifies Employee Leasing Contractors as MEWAs. The Superintendent is in the process of promulgating updated rules for MEWAs through 13.19.4 NMAC. This will streamline the regulatory process for fully-insured MEWAs. To date, no final rule has been issued.
Click here to read the bulletin for more information.