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2017 New Mexico Statutes
Chapter 52 - Workers' Compensation
Article 9 - Employers Mutual Company
Section 52-9-11 - Annual accountings; possible dividends and credits.
Universal Citation: NM Stat § 52-9-11 (2017)
52-9-11. Annual accountings; possible dividends and credits.
The incurred loss experience and expense of the company shall be ascertained each year. If there is an excess of assets over liabilities, necessary reserves and a reasonable surplus for the catastrophe hazard, then a cash dividend may be declared to or a credit allowed to an employer who has been insured with the company in accordance with criteria approved by the board, which may account for the employer's safety record and performance.
History: Laws 1990 (2nd S.S.), ch. 2, 131.
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