New Mexico § 52-9-11 Annual accountings; possible dividends and credits

New Mexico Statutes

§ 52-9-11 — Annual accountings; possible dividends and credits

New Mexico § 52-9-11

Ch. 52Workers' Compensation

Art. 9Employers Mutual Company

This text of New Mexico § 52-9-11 (Annual accountings; possible dividends and credits) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 52-9-11 (2026).

Text

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.

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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.