New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 10 - HEALTH INSURANCE
Part 14 - MINIMUM RESERVE STANDARDS FOR INDIVIDUAL AND GROUP HEALTH INSURANCE CONTRACTS
Section 13.10.14.11 - MINIMUM STANDARDS FOR CLAIM RESERVES FOR ALL OTHER BENEFITS
Universal Citation: 13 NM Admin Code 13.10.14.11
Current through Register Vol. 35, No. 18, September 24, 2024
A. Interest. The maximum interest rate for claim reserves is specified in 13.10.14.24 NMAC.
B. Morbidity or other contingency. The reserve should be based on the insurer's experience, if such experience is considered credible, or upon other assumptions designed to place a sound value on the liabilities.
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