There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 59A - Insurance Code
Article 6 - Fees and Taxes
Section 59A-6-1 - Fee schedule. (2011)
NM Stat § 59A-6-1 (2013) What's This?
59A-6-1. Fee schedule. (2011)
The superintendent shall collect the following fees:
A. insurer's certificate of authority -
(1) filing application for certificate of authority, and issuance of certificate of authority, if issued, including filing of all charter documents, financial statements, service of process, power of attorney, examination reports and other documents included with and part of the application $1,000.00
(2) annual continuation of certificate of authority, per kind of insurance 200.00
(3) reinstatement of certificate of authority (Section 59A-5-23 NMSA 1978) 150.00
(4) amendment to certificate of authority 200.00
B. charter documents - filing amendment to any charter document (as defined in Section 59A-5-3 NMSA 1978) 10.00
C. annual statement of insurer, filing 200.00
D. service of process, acceptance by superintendent and issuance of certificate of service, where issued 10.00
E. agents' licenses and appointments -
(1) filing application for original agent license and issuance of license, if issued 30.00
(2) appointment of agent -
(a) filing appointment, per kind of insurance, each insurer 20.00
(b) annual continuation of appointment, each insurer 20.00
(3) variable annuity agent's license -
(a) filing application for license and issuance of license, if issued 30.00
(b) annual continuation of appointment 20.00
(4) temporary license -
(a) as to life and health insurance or both 30.00
(b) as to property insurance 30.00
(c) as to casualty/surety insurance 30.00
(d) as to vehicle insurance 30.00
F. agency license and affiliations -
(1) filing application for original agency business entity license and issuance of license, if issued 30.00
(2) filing of individual affiliation, per kind of insurance 20.00
(3) annual continuation of individual affiliation 20.00
G. solicitor license -
(1) filing application for original license and issuance of license, if issued 30.00
(2) annual continuation of appointment, per kind of insurance 20.00
H. broker license -
(1) filing application for license and issuance of original license, if issued 30.00
(2) annual continuation of license 30.00
I. insurance vending machine license -
(1) filing application for original license and issuance of license, if issued, each machine 25.00
(2) annual continuation of license, each machine 25.00
J. examination for license, application for examination conducted directly by superintendent, each grouping of kinds of insurance to be covered by the examination as provided by the superintendent's rules, and payable as to each instance of examination 50.00
K. surplus lines insurer - filing application for qualification as eligible surplus lines insurer 1,000.00
L. surplus lines broker license -
(1) filing application for original license and issuance of license, if issued 100.00
(2) annual continuation of license 100.00
M. surplus lines broker license and affiliations -
(1) filing application for original surplus lines brokerage business entity license and issuance of license, if issued 100.00
(2) filing of individual affiliation per kind of insurance 20.00
(3) annual continuation of individual affiliation 20.00
N. adjuster license -
(1) filing application for original license and issuance of license, if issued 30.00
(2) annual continuation of license 30.00
O. insurance consultant license -
(1) filing application for original license and issuance of license, if issued 50.00
(2) application examination 10.00
(3) biennial continuation of license 100.00
P. viatical settlements license -
(1) providers -
(a) filing application for original license and issuance of license, if issued 1,000.00
(b) annual continuation of license 200.00
(2) brokers -
(a) filing application for original license and issuance of license, if issued 100.00
(b) annual continuation of license 100.00
(3) brokerages -
(a) filing application for original license and issuance of license, if issued 100.00
(b) annual continuation of license 20.00
(c) filing of individual affiliation, per kind of insurance 20.00
(d) annual continuation of individual affiliation 20.00
Q. rating organization or rating advisory organization license -
(1) filing application for license and issuance of license, if issued 100.00
(2) annual continuation of license 100.00
R. nonprofit health care plans -
(1) filing application for preliminary permit and issuance of permit, if issued 100.00
(2) certificate of authority, application, issuance, continuation, reinstatement, charter documents - same as for insurers
(3) annual statement, filing 200.00
(4) agents and solicitors -
(a) filing application for original license and issuance of license, if issued 30.00
(b) examination for license conducted directly by superintendent, each instance of examination 50.00
(c) annual continuation of appointment 20.00
S. prepaid dental plans -
(1) certificate of authority, application, issuance, continuation, reinstatement, charter documents - same as for insurers
(2) annual report, filing 200.00
(3) agents and solicitors -
(a) filing application for original license and issuance of license, if issued 30.00
(b) examination for license conducted directly by superintendent, each instance of examination 50.00
(c) annual continuation of license 20.00
T. prearranged funeral insurance - application for certificate of authority, issuance, continuation, reinstatement, charter documents, filing annual statement, licensing of sales representatives - same as for insurers
U. premium finance companies -
(1) filing application for original license and issuance of license, if issued 100.00
(2) annual renewal of license 100.00
V. motor clubs -
(1) certificate of authority -
(a) filing application for original certificate of authority and issuance of certificate of authority, if issued 200.00
(b) annual continuation of certificate of authority 100.00
(2) sales representatives -
(a) filing application for registration or license and issuance of registration or license, if issued, each representative 20.00
(b) annual continuation of registration or license, each representative 20.00
W. bail bondsmen -
(1) filing application for original license as bail bondsman or solicitor, and issuance of license, if issued 30.00
(2) examination for license conducted directly by superintendent, each instance of examination 50.00
(3) annual continuation of appointment 20.00
X. securities salesperson license -
(1) filing application for license and issuance of license, if issued 25.00
(2) annual renewal of license 25.00
Y. required filing of forms or rates - by all lines of business other than property or casualty -
(1) rates 50.00
(2) major form - each new policy and each package submission, which can include multiple policy forms, application forms, rider forms, endorsement forms or amendment forms 30.00
(3) incidental forms and rates - forms filed for informational purposes; riders, applications, endorsements and amendments filed individually; rate service organization reference filings; rates filed for informational purposes 15.00
Z. health maintenance organizations -
(1) filing an application for a certificate of authority 1,000.00
(2) annual continuation of certificate of authority 200.00
(3) filing each annual report 200.00
(4) filing an amendment to organizational documents requiring approval 200.00
(5) filing informational amendments 50.00
(6) agents and solicitors -
(a) filing application for original license and issuance of license, if issued 30.00
(b) examination for license, each instance of examination 50.00
(c) annual continuation of appointment 20.00
AA. purchasing groups and foreign risk retention groups -
(1) original registration 500.00
(2) annual continuation of registration 200.00
(3) agent or broker fees - same as for authorized insurers
BB. third party administrators -
(1) filing application for original individual insurance administrator license 30.00
(2) filing application for original officer, manager or partner insurance administrator license 30.00
(3) annual continuation or renewal of license 30.00
(4) examination for license conducted directly by the superintendent, each examination 75.00
(5) filing of annual report 50.00
CC. miscellaneous fees -
(1) duplicate license 30.00
(2) name change 30.00
(3) for each signature and seal of superintendent affixed to any instrument 10.00.
An insurer shall be subject to additional fees or charges, termed retaliatory or reciprocal requirements, whenever form or rate-filing fees in excess of those imposed by state law are charged to insurers in New Mexico doing business in another state or whenever a condition precedent to the right to issue policies in another state is imposed by the laws of that state over and above the conditions imposed upon insurers by the laws of New Mexico; in those cases, the same form or rate-filing fees may be imposed upon an insurer from another state transacting or applying to transact business in New Mexico so long as the higher fees remain in force in the other state. If an insurer does not comply with the additional retaliatory or reciprocal requirement charges imposed under this subsection, the superintendent may refuse to grant or may withdraw approval of the tendered form or rate filing.
All fees are earned when paid and are not refundable.
History: Laws 1984, ch. 127, § 101; 1990, ch. 34, § 1; 1991, ch. 124, § 1; 1993, ch. 320, § 14; 1999, ch. 272, § 2; 1999, ch. 289, § 2; 2001, ch. 302, § 1; 2003, ch. 306, § ; 2011, ch. 127, § 4.
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