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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 39 - Reciprocal Insurers
Section 59A-39-22 - Aggregate liability.
Universal Citation: NM Stat § 59A-39-22 (2017)
59A-39-22. Aggregate liability.
No one policy or subscriber to such policy, shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one calendar year, in excess of the amount provided for in the power of attorney or in the subscribers' agreement, computed solely upon the premium earned on such policy during that year.
History: Laws 1984, ch. 127, 679.
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