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New Mexico Statutes Chapter 59A. Insurance Code § 59A-44-36. Fee schedule

Current as of May 06, 2021 | Updated by FindLaw Staff

A. Except as provided in Subsection B of this section, every society authorized to transact business in New Mexico shall pay to the superintendent the following fees:

 

(1)

for annual certificate of authority continuation․․․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․$100.00;

(2)

for filing annual statement․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․․100.00;

(3)

for each license of agent or annual continuation thereof․․․․․․․․․․․․․․․․․

․․․․․․․․30.00;

(4)

for annual continuation of appointment․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․․․20.00;

and

(5)

for each signature of the superintendent affixed to any instrument․․․․․․․

․․․․․․․․10.00.

B. Every society which:

(1) issues certificates providing benefits strictly in accordance with the provisions of Chapter 59A, Article 44 NMSA 1978;

(2) limits its membership to members of one religious faith or to persons engaged in one or more hazardous occupations in the same or similar lines of business;

(3) does not employ paid solicitors or salesmen either on salary, commission or fee basis for procuring new insurance or members; and

(4) does not solicit insurance applications from the general public, but limits such solicitation to members in good standing in such society; shall be exempt from the fees specified in Subsection A of this section and in lieu thereof shall pay to the superintendent fees as follows:

 

(a)

for annual license to transact business․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․․$50.00;

(b)

for filing annual statement․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․

․․․․․․․․50.00;

and

(c)

for each seal and signature of the superintendent affixed to any instrument

․․․․․․․․10.00.

C. Failure to pay any fees imposed under Chapter 59A, Article 44 NMSA 1978 shall render the society liable to this state for the amount thereof and to the applicable penalties provided by Section 59A-6-4 NMSA 1978 as though such a society were an insurer.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-44-36. Fee schedule - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-44-36.html

Read this complete New Mexico Statutes Chapter 59A. Insurance Code § 59A-44-36. Fee schedule on Westlaw

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