2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 43: Property and Casualty Insurance Guaranty Fund, 59A-43-1 through 59A-43-18
Section 59A-43-15: Recognition of assessment in rates.
59A-43-15. Recognition of assessment in rates.
The rates and premiums charged for insurance policies to which this article apply [applies] shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer, less any amounts returned to the member insurer by the association, and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
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