N.M. Admin. Code § 13.10.14.19
Current through Register Vol. 35, No. 21, November 5, 2024
Annually, an appropriate review shall be made of the insurer's prospective contract liabilities on contracts valued by tabular reserves, to determine the continuing adequacy and reasonableness of the tabular reserves giving consideration to future gross premiums. The insurer shall make appropriate increments to such tabular reserves if such tests indicate that the basis of such reserves is no longer adequate; subject, however, to the minimum standards of 13.10.14.17 NMAC.
N.M. Admin. Code § 13.10.14.19