2006 New Mexico Statutes - Section 59A-56-10 — Administration.
59A-56-10. Administration.
The alliance shall deduct from premiums collected for approved health plans an administrative charge as set by the board. The administrative charge shall be determined before the beginning of each calendar year:
A. for insured small employer groups, the maximum administrative charge the alliance may charge is ten percent of premiums in the first year and five percent of premiums in renewal years; and
B. for eligible individuals, the maximum administrative charge the alliance may charge in any year is ten percent of premiums.
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