New Mexico § 59A-33-5.1 Operation of pool

New Mexico Statutes

§ 59A-33-5.1 — Operation of pool

New Mexico § 59A-33-5.1

Ch. 59AInsurance Code

Art. 33Workers' Compensation Insurance Contracts and

This text of New Mexico § 59A-33-5.1 (Operation of pool) 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-33-5.1 (2026).

Text

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.

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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.