N.M. Code R. § 13.18.2.21
Current through Register Vol. 35, No. 11, June 11, 2024
Premiums and premium rates for insurance concerning obligations payable in other than substantially equal monthly installments during the period of coverage, or for coverage which declines on other than a straight line basis, shall be determined in a manner which produces a rate not exceeding the actuarial equivalent of the foregoing rates.
N.M. Code R. § 13.18.2.21