There is a newer version
of
this Section
2018 New Mexico Statutes
Chapter 59A - Insurance Code
Article 33 - Workers' Compensation Insurance Contracts and Assigned Risks
Section 59A-33-5.1 - Operation of pool.
Universal Citation: NM Stat § 59A-33-5.1 (2018)
59A-33-5.1. Operation of pool.
The pool shall operate towards being self-sufficient and shall be self-sufficient no later than July 1, 1995. The rates charged the policyholders shall be set so that the amount received in premiums, together with reasonable investment income earned on those premiums, is reasonably expected to be sufficient to pay claims and losses incurred and reasonable operating expenses of the servicing carriers.
History: 1978 Comp., § 59A-33-5.1, enacted by Laws 1990 (2nd S.S.), ch. 2, § 97.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
