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2018 New Mexico Statutes
Chapter 59A - Insurance Code
Article 12A - Insurance Administrators
Section 59A-12A-11 - Claim adjustment or settlement.
Universal Citation: NM Stat § 59A-12A-11 (2018)
59A-12A-11. Claim adjustment or settlement.
With respect to any policies where an administrator adjusts or settles claims, the compensation to the administrator with regard to such policies shall in no way be contingent on claim experience. No provision of Chapter 59A, Article 12A NMSA 1978 prevents the compensation of an administrator from being based on premiums or charges collected or number of claims paid or processed.
History: 1978 Comp., § 59A-12A-11, enacted by Laws 1989, ch. 374, § 11.
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