Short answer: New Mexico's life insurance disclosure rule lets insurers deliver the buyer's guide with the policy only if the policy carries an unconditional refund provision of at least 10 days.
This guide is general consumer information for New Mexico life insurance buyers. It isn't legal advice or a coverage determination. Policy wording, underwriting and the statutes linked below control.
The 10-day refund rule
New Mexico's life insurance disclosure rule, 13.9.5 NMAC, requires the buyer's guide before you pay the initial premium, unless the policy contains an unconditional refund provision of at least ten (10) days; then the guide may come with the policy. Check your policy's face page for the refund window and return it in writing within that time if you change your mind.
Insurer financial strength
Shoppers who want regulator guidance on insurer financial strength or solvency in New Mexico can reach the New Mexico Office of Superintendent of Insurance.
Questions? Contact Alishahi Insurance or call (877) 711-4545. See insurance in New Mexico.
Frequently asked questions
Does New Mexico have a life insurance free-look?
New Mexico's disclosure rule (13.9.5 NMAC) ties buyer's-guide timing to an unconditional refund provision of at least 10 days; check your policy's face page.
When must I get the buyer's guide in New Mexico?
Before you pay the initial premium, unless the policy has an unconditional refund provision of at least 10 days; then it may come with the policy.
Alishahi Insurance · 439 N Canon Dr, Penthouse, Beverly Hills, CA 90210 · (877) 711-4545 · CA License #4348151. General information only. This isn't legal, tax or financial advice or a coverage determination. Coverage depends on policy language and underwriting, and rules vary by state.