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New Mexico · Through 2026-07-01

59A-39-22: Aggregate liability.

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Where this section sits in the code
  1. Chapter 59A - Insurance Code
  2. ARTICLE 39 Reciprocal Insurers

No one policy or subscriber to such policy, shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one calendar year, in excess of the amount provided for in the power of attorney or in the subscribers' agreement, computed solely upon the premium earned on such policy during that year.

Collected 2026-09-03T15:02:20Z. Source file · JSON

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