2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 39: Reciprocal Insurers, 59A-39-1 through 59A-39-26
Section 59A-39-21: Time limit for assessments.
59A-39-21. Time limit for assessments.
Every subscriber of a domestic reciprocal insurer having contingent liability shall be liable for, and shall pay his share of any assessment as computed and limited in accordance with this article, if:
A. while his policy is in force or within one year after its termination, he is notified by either the attorney or the superintendent of his intentions to levy such assessment; or
B. if an order to show cause why a receiver, conservator, rehabilitator or liquidator of the insurer should not be appointed is issued while his policy is in force or within one year after its termination.
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