There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 48: Prepaid Dental Plans, 59A-48-1 through 59A-48-19
Section 59A-48-12: Operational expenses.
NM Stat § 59A-48-12 (1996 through 1st Sess 50th Legis) What's This?
59A-48-12. Operational expenses.
No more than thirty percent of prepaid charges in the first year of operation, twenty-five percent in the second year of operation and twenty percent of prepaid charges in any subsequent year shall be used for the marketing and administrative expenses of a prepaid dental plan organization, including costs related to soliciting members and providers.
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