N.M. Admin. Code § 13.10.14.20
Current through Register Vol. 35, No. 24, December 23, 2024
In the event a company has a contract or a group of related similar contracts, for which future gross premiums will be restricted by contract, insurance department regulations, or for other reasons, such that the future gross premiums reduced by expenses for administration, commissions, and taxes will be insufficient to cover future claims, the company shall establish contract reserves for such shortfall in the aggregate.
N.M. Admin. Code § 13.10.14.20