New Mexico § 59A-43-15 Recognition of assessment in rates

New Mexico Statutes

§ 59A-43-15 — Recognition of assessment in rates

New Mexico § 59A-43-15

Ch. 59AInsurance Code

Art. 43Property and Casualty Insurance Guaranty Fund

This text of New Mexico § 59A-43-15 (Recognition of assessment in rates) 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-43-15 (2026).

Text

The rates and premiums charged for insurance policies to which this article apply [applies] shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer, less any amounts returned to the member insurer by the association, and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.

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The rates and premiums charged for insurance policies to which this article apply [applies] shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer, less any amounts returned to the member insurer by the association, and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.