New Mexico’s state auditor is calling for a new audit into whether health-insurance companies have been underpaying the premium taxes they owe.
The Albuquerque Journal reported that State Auditor Tim Keller asked that a new independent accounting firm should be hired under the supervision of his office and that the superintendent of insurance should be removed from any potential settlement negotiations with the companies.
The call for a new audit comes after an initial special audit released in September found that New Mexico had failed to collect at least $193 million in premium taxes from health-insurance providers over the past five years.
Franchini on Monday said he supports the idea of a new audit.
- New Mexico Insurance Regulator Says Back Taxes Audit Inaccurate
- New Mexico to go after $193M in Premium Taxes
- New Mexico Regulator Seeks More Time to go after Back Taxes from Insurers
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