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Current as of January 01, 2024 | Updated by Findlaw Staff
The title insurance rates and premiums promulgated by the superintendent shall include amounts sufficient to recoup within three years after assessment a sum equal to the amounts paid to the association by the member insurers, less amounts returned to the member insurers by the association. Rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurers. The entire amount of any such recoupment shall be passed through to insurers.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-30A-15. Recognition of assessment in rates - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-30a-15/
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