{"data":{"id":"us-nm/59a-39-15","jurisdiction":"us-nm","citation":"59A-39-15","heading":"Financial condition; method of determining.","body":"In determining the financial condition of a reciprocal insurer the superintendent shall apply the following rules:\nA. he shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis;\nB. the surplus deposits of subscribers shall be allowed as assets except that any premium deposits delinquent for ninety (90) days shall first be charged against such surplus deposit;\nC. the surplus deposits of subscribers shall not be charged as a liability;\nD. all premium deposits delinquent less than ninety (90) days shall be allowed as assets;\nE. an assessment levied upon subscribers, and not collected, shall not be allowed as an asset;\nF. the contingent liability of subscribers shall not be allowed as an asset; and\nG. the computation of reserves shall be based upon premium deposits other than membership fees and without any deduction for expenses and the compensation of the attorney.","path":["Chapter 59A - Insurance Code","ARTICLE 39 Reciprocal Insurers"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"158b85b455a94d1dd905132da6466bdfea79ee1c03e504a8a2f87bca5fe780b2","source_id":"us-nm","stale":false,"prev":"us-nm/59a-39-14","next":"us-nm/59a-39-16"},"notice":"GroundRules: Original legal text. Not legal advice."}