There is a newer version of the New Mexico Statutes
2016 New Mexico Statutes
Chapter 59A - Insurance Code
Article 47 - Nonprofit Health Care Plans
Section 59A-47-19 - Limitation upon acquisition and administration expenses.
NM Stat § 59A-47-19 (2016) What's This?
59A-47-19. Limitation upon acquisition and administration expenses.
No health care plan shall during any one calendar year incur expense for acquisition of its business more than ten percent of its premium income earned during that year; nor incur during any such year for expense of administration more than twenty percent of such earned premiums.
History: Laws 1984, ch. 127, 879.17.
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