No more than thirty percent of prepaid charges in the first year of operation, twenty-five percent in the second year of operation and twenty percent of prepaid charges in any subsequent year shall be used for the marketing and administrative expenses of a prepaid dental plan organization, including costs related to soliciting members and providers.
History: Laws 1984, ch. 127, ยง 891.
Structure New Mexico Statutes
Article 48 - Prepaid Dental Plans
Section 59A-48-1 - Short title.
Section 59A-48-2 - Definitions.
Section 59A-48-3 - Certificate of authority required.
Section 59A-48-4 - Application for certificate of authority.
Section 59A-48-5 - Issuance of certificate of authority.
Section 59A-48-6 - Deposit requirement; exception.
Section 59A-48-7 - Reserve requirement; exception.
Section 59A-48-8 - Membership coverage.
Section 59A-48-9 - Examination of prepaid dental plan organization.
Section 59A-48-10 - Annual report to superintendent.
Section 59A-48-12 - Operational expenses.
Section 59A-48-13 - Prohibited practices.
Section 59A-48-14 - Agents and solicitors.
Section 59A-48-15 - Suspension or revocation of certificate of authority.
Section 59A-48-16 - Approval of advertising and sales material.
Section 59A-48-17 - Solicitation not violation of certain laws relating to providers.
Section 59A-48-18 - Conservation, rehabilitation, liquidation.