A health care plan shall establish and maintain reserves in amount clearly adequate, as determined by the superintendent, to cover all liabilities for losses incurred and unpaid.
§ 59A-47-16 NMSA 1978
Reserves
Known as the Nonprofit Health Care Plan Law
The act spans §§ 59–59 (84 sections).
Laws 1984, ch. 127, § 879.14.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.