Section 59A-33-5.1 - Operation of pool.

NM Stat § 59A-33-5.1 (2019) (N/A)
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The pool shall operate towards being self-sufficient and shall be self-sufficient no later than July 1, 1995. The rates charged the policyholders shall be set so that the amount received in premiums, together with reasonable investment income earned on those premiums, is reasonably expected to be sufficient to pay claims and losses incurred and reasonable operating expenses of the servicing carriers.

History: 1978 Comp., § 59A-33-5.1, enacted by Laws 1990 (2nd S.S.), ch. 2, § 97.