New Mexico Administrative Code
Title 1 - GENERAL GOVERNMENT ADMINISTRATION
Chapter 6 - RISK MANAGEMENT
Part 2 - PREMIUM RATING FOR CERTAIN RISKS
Section 1.6.2.12 - OPTIONAL COVERAGES - EXCEPTION
Universal Citation: 1 NM Admin Code 1.6.2.12
Current through Register Vol. 35, No. 18, September 24, 2024
This rule shall apply only to coverages that the RMD is mandated to provide. The rule does not apply to those coverages that the RMD may provide on an optional basis, and that [a] government entity has the right to accept or reject. The director shall use these guidelines on optional coverages if it appears that there are enough governmental entities involved, and if it appears that they will be with the RMD for reasonable lengths of time. The director will outline, in writing annually, the rate structure that is to be used for optional coverages.
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