New Mexico § 59A-18-13.6 Pooling of closed blocks of business

New Mexico Statutes

§ 59A-18-13.6 — Pooling of closed blocks of business

New Mexico § 59A-18-13.6

Ch. 59AInsurance Code

Art. 18The Insurance Contract

This text of New Mexico § 59A-18-13.6 (Pooling of closed blocks of business) 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. § 59A-18-13.6 (2026).

Text

For the purpose of determining the rate of any policy within a closed block of business, the superintendent may require an insurer to pool the experience of a closed block of business with all appropriate blocks of business that are not closed in accordance with Section 59A-18-13.1 NMSA 1978. An insurer shall not apply a rate penalty or surcharge beyond that which reflects the experience of a pool combined in accordance with this section.

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For the purpose of determining the rate of any policy within a closed block of business, the superintendent may require an insurer to pool the experience of a closed block of business with all appropriate blocks of business that are not closed in accordance with Section 59A-18-13.1 NMSA 1978. An insurer shall not apply a rate penalty or surcharge beyond that which reflects the experience of a pool combined in accordance with this section.