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.
Structure New Mexico Statutes
Article 33 - Workers' Compensation Insurance Contracts and Assigned Risks
Section 59A-33-1 - Assigned risk pool, short title.
Section 59A-33-2 - Scope of article.
Section 59A-33-4 - Definitions.
Section 59A-33-5 - Organization of assigned risk pool.
Section 59A-33-5.1 - Operation of pool.
Section 59A-33-5.2 - Pool deficit review.
Section 59A-33-6 - Powers of the pool; duty of member companies; servicing carriers.
Section 59A-33-7 - Assignment of risks by the pool.
Section 59A-33-8 - Issuance of policy; annual report.
Section 59A-33-9 - Rules and regulations.
Section 59A-33-9.1 - Policyholders' duty to disclose; ratings experience.
Section 59A-33-10 - Authority of superintendent.
Section 59A-33-11 - Safety rules prescribed by the pool.
Section 59A-33-12 - Appeal to superintendent.