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Current as of January 01, 2024 | Updated by FindLaw Staff
With respect to any policies where an administrator adjusts or settles claims, the compensation to the administrator with regard to such policies shall in no way be contingent on claim experience. No provision of Chapter 59A, Article 12A NMSA 1978 prevents the compensation of an administrator from being based on premiums or charges collected or number of claims paid or processed.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-12A-11. Claim adjustment or settlement - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-12a-11/
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