2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 18: The Insurance Contract, 59A-18-1 through 59A-18-31
Section 59A-18-13.6: Pooling of closed blocks of business. (Effective January 1, 2012.)
59A-18-13.6. Pooling of closed blocks of business. (Effective January 1, 2012.)
For the purpose of determining the rate of any policy within a closed block of business, the superintendent may require an insurer to pool the experience of a closed block of business with all appropriate blocks of business that are not closed in accordance with Section 59A-18-13.1 NMSA 1978. An insurer shall not apply a rate penalty or surcharge beyond that which reflects the experience of a pool combined in accordance with this section.
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