RELATING TO INSURANCE; AUTHORIZING AND DIRECTING THE SUPERINTENDENT OF INSURANCE TO PROMULGATE PRIVACY RULES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. A new section of the New Mexico Insurance Code is enacted to read:

"SUPERINTENDENT AUTHORIZED AND DIRECTED TO PROMULGATE PRIVACY RULES.--The superintendent is authorized to and shall promulgate rules to reasonably protect the privacy of insurance consumers' nonpublic personal information, including personal health and financial information. Rules promulgated pursuant to this section shall meet any applicable federal requirements for protecting nonpublic personal information of insured persons from improper access or disclosure."