New Mexico § 59A-8-9 Unearned premium reserve, casualty, vehicle, property,

New Mexico Statutes

§ 59A-8-9 — Unearned premium reserve, casualty, vehicle, property,

New Mexico·Ch. 59A Insurance Code·Art. 8 Assets and Liabilities

marine and surety insurances. As to property, casualty, vehicle and surety insurance, and marine and transportation insurance other than as provided in Section 59A-8-10 NMSA 1978, the insurer shall maintain as a liability an unearned premium reserve on policies in force computed as follows: fifty percent of the gross premium in force on policies having one year or less to run and pro rata on those for longer periods, or pro rata for all premiums in force.

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marine and surety insurances. As to property, casualty, vehicle and surety insurance, and marine and transportation insurance other than as provided in Section 59A-8-10 NMSA 1978, the insurer shall maintain as a liability an unearned premium reserve on policies in force computed as follows: fifty percent of the gross premium in force on policies having one year or less to run and pro rata on those for longer periods, or pro rata for all premiums in force.

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