N.M. Stat. § 59A-8-10
§ 59A-8-10. Unearned premium reserve, marine and transportation insurance
Year: 2026Length: 52 words
As to marine and transportation insurance, the entire amount of premiums on trip risks not terminated shall be deemed unearned; and the superintendent may require the insurer to carry a reserve equal to one hundred percent of premiums on trip risks written during the month ended as of the date of statement.