Audit reveals unpaid New Mexico taxes by insurance companies
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October 25, 2017
SANTA FE, N.M. (AP) — A long list of insurance companies failed to pay taxes on insurance premiums of nearly $65 million to the state of New Mexico since 2003, according to an independent audit released Tuesday that could weigh in ongoing legal proceedings against a major health insurance provider.
The independent, state-commissioned audit by Atlanta-based Examination Resources delved into tax collections efforts at the Office of the Superintendent of Insurance for 30 insurance companies.
It found unpaid taxes at 17 of the companies — led by Presbyterian Health Plan with an estimated $28.9 mil...
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