New Mexico § 52-9-23 - Annual report
Full text of New Mexico New Mexico Statutes Annotated § 52-9-23 — Annual report, with citation guidance and answers to common questions.
§ 52-9-23. Annual report
The president shall submit an annual, independently audited report, in accordance
with procedures governing annual reports adopted by the national association of insurance
commissioners, by October 1 of each year to the governor, the legislative finance
committee and any other appropriate legislative committee indicating the business
done by the company during the previously completed fiscal year and containing a statement
of the resources and liabilities of the company. The report shall include: A. the volume of premiums insured through the company and its share of the workers'
benefits market in the state; B. the percent division of the premium dollars among various types of benefit payments
and administrative costs for policies and claims under the company; C. the average rate of return enjoyed by the company on invested assets; D. recommendations concerning desired changes in the company to promote its prompt
and efficient administration of policies and claims; E. recommendations to the legislature and the governor regarding the continued operation
of the company; and F. any other information the president deems appropriate.
Frequently Asked Questions About New Mexico § 52-9-23
What does New Mexico Statutes Annotated § 52-9-23 cover?
Section 52-9-23 ("Annual report") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 52-9-23?
A common citation format is "New Mexico Statutes Annotated § 52-9-23" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 52-9-23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.