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.
§ 59A-48-12 NMSA 1978
Operational expenses
Known as the Prepaid Dental Plan Law
The act spans §§ 59–59 (19 sections).
Laws 1984, ch. 127, § 891.
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.