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Insurance regulator seeks time to recoup back taxes in New Mexico
New Mexico Insurance Superintendent John Franchini asked a legislative committee for more time to pursue 193 million dollars in unpaid premium taxes and to finish an investigation involving at least one insurer. An outside audit by Clifton Larson Allen found five major insurers underpaid taxes, while state budgets face a shortfall and possible special session. Auditor Tim Keller urged a full outside audit of premium tax collections to aid recovery and future enforcement.
MENTIONED IN THIS ARTICLE
Santa FE
New Mexico
John Franchini
Franchini
Clifton- Larson Allen
Tim Keller
Keller