A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the law enforcement protection fund in an amount equal to ten percent of the net receipts attributable to the premium tax from life, general casualty and title insurance business.
B. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the fire protection fund of the net receipts attributable to the premium tax derived from property and vehicle insurance business.
History: Laws 2019, ch. 47, § 2.
Effective dates. — Laws 2019, ch. 47, § 5 made Laws 2019, ch. 47, § 2 effective January 1, 2020.
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