There is a newer version of the New Mexico Statutes
2015 New Mexico Statutes
Chapter 59A - Insurance Code
Section 48 Prepaid Dental Plans
Section 59A-48-12 Operational expenses.
NM Stat § 59A-48-12 (2015) 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.
History: Laws 1984, ch. 127, 891.
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