New Mexico Administrative Code
Title 6 - PRIMARY AND SECONDARY EDUCATION
Chapter 50 - INSURANCE
Part 8 - EMPLOYEE-BENEFIT AND RISK-RELATED PREMIUM PAYMENTS
Section 6.50.8.8 - PREMIUM PAYMENT FOR RISK RELATED AND DUE PROCESS REIMBURSEMENT COVERAGES
Universal Citation: 6 NM Admin Code 6.50.8.8
Current through Register Vol. 35, No. 18, September 24, 2024
The authority shall invoice each member for risk-related and due process reimbursement coverages. Payment for risk-related and due process reimbursement coverages is due in full within 30 days after the billing date. Premium payments not received by the 10th day of the month following the due date shall be subject to an interest charge of 1.5% of the premium due for each month they are overdue.
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