New Mexico Statutes 7-1-6.62. Distribution; premium tax
Current as of: 2024 | Check for updates
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A. A distribution pursuant to Section 7-1-6.1 N.M. Stat. Ann. shall be made to the law enforcement protection fund in an amount equal to ten percent of the net receipts attributable to the premium tax from life, health, general casualty and title insurance business.
B. A distribution pursuant to Section 7-1-6.1 N.M. Stat. Ann. shall be made to the fire protection fund of the net receipts attributable to the premium tax derived from property and vehicle insurance business.