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New Mexico Statutes Chapter 59A. Insurance Code § 59A-6-1. Fee schedule
Current as of January 01, 2024 | Updated by Findlaw Staff
The superintendent shall collect the following fees:
|
A. |
insurer's certificate of authority-- |
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|
(1) |
filing application for certificate of authority, and issuance of certificate of authority, 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 |
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|
(2) |
annual continuation of certificate of authority, per kind of insurance․․․․․․ |
․․․․200.00 |
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|
(3) |
reinstatement of certificate of authority (Section 59A-5-23 NMSA 1978)․․․․․․ |
․․․․150.00 |
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|
(4) |
amendment to certificate of authority․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
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|
B. |
charter documents--filing amendment to any charter document (as defined in Section 59A-5-3 NMSA 1978) |
․․․․․10.00 |
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|
C. |
annual statement of insurer, filing․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
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|
D. |
service of process, acceptance by superintendent and issuance of certificate of service |
․․․․․10.00 |
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|
E. |
producer licenses and appointments-- |
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|
(1) |
filing application for original producer license and issuance of license․․․․ |
․․․․․30.00 |
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|
(2) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․60.00 |
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|
(3) |
appointment of producer-- |
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|
(a) |
filing appointment, per kind of insurance, each insurer․․․․․․․․․․․․․․․․ |
․․․․․20.00 |
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|
(b) |
annual continuation of appointment, per kind of insurance, each insurer |
․․․․․20.00 |
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|
(4) |
temporary license filing application․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․30.00 |
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|
F. |
agency business entity license and affiliations-- |
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|
(1) |
filing application for original agency business entity license and issuance of license |
․․․․․30.00 |
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|
(2) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․60.00 |
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|
(3) |
filing of individual affiliation․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․20.00 |
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|
(4) |
annual continuation of individual affiliation․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․20.00 |
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|
G. |
insurance vending machine license-- |
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|
(1) |
filing application for original license and issuance of license, each machine |
․․․․․25.00 |
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|
(2) |
biennial continuation of license, each machine․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․50.00 |
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|
H. |
examination for license, application for examination conducted directly by the 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 |
․․․․․75.00 |
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|
I. |
surplus lines insurer--filing application for qualification as eligible surplus lines insurer |
․․1,000.00 |
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|
J. |
surplus lines broker license-- |
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|
(1) |
filing application for original license and issuance of license․․․․․․․․․․․․․ |
․․․․100.00 |
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|
(2) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
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|
K. |
surplus lines brokerage business entity license and affiliations-- |
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|
(1) |
filing application for original surplus lines brokerage business entity license and issuance of license |
․․․․100.00 |
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|
(2) |
filing of individual affiliation․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․20.00 |
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|
(3) |
annual continuation of individual affiliation․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․20.00 |
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|
L. |
adjuster license-- |
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|
(1) |
filing application for original license and issuance of license․․․․․․․․․․․․․ |
․․․․․30.00 |
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|
(2) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․60.00 |
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|
M. |
insurance consultant license-- |
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|
(1) |
filing application for original license and issuance of license․․․․․․․․․․․․․ |
․․․․․50.00 |
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|
(2) |
application examination․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․75.00 |
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|
(3) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․100.00 |
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|
N. |
viatical settlements license-- |
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|
(1) |
providers-- |
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|
(a) |
filing application for original license and issuance of license․․․․․․․․ |
․․1,000.00 |
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|
(b) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․400.00 |
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|
(2) |
brokers-- |
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|
(a) |
filing application for original license and issuance of license․․․․․․․․ |
․․․․100.00 |
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|
(b) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
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|
(3) |
brokerages-- |
||||
|
(a) |
filing application for original business entity license and issuance of license |
․․․․100.00 |
|||
|
(b) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
|||
|
(c) |
filing of individual affiliation․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․20.00 |
|||
|
(d) |
annual continuation of individual affiliation․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․20.00 |
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|
O. |
advisory organization license-- |
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|
(1) |
filing application for license and issuance of license․․․․․․․․․․․․․․․․․․․․․․ |
․․․․100.00 |
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|
(2) |
annual continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․100.00 |
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|
P. |
nonprofit health care plans-- |
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|
(1) |
filing application for preliminary permit and issuance of permit․․․․․․․․․․․․ |
․․․․100.00 |
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|
(2) |
certificate of authority, application, issuance, continuation, reinstatement, charter documents--same as for insurers |
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|
(3) |
annual statement, filing․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
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|
Q. |
prepaid dental plans-- |
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|
(1) |
certificate of authority, application, issuance, continuation, reinstatement, charter documents--same as for insurers |
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|
(2) |
annual report, filing․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
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|
R. |
prearranged funeral insurance--application for certificate of authority, issuance, continuation, reinstatement, charter documents, filing annual statement, licensing of sales representatives--same as for insurers |
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|
S. |
premium finance companies-- |
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|
(1) |
filing application for original license and issuance of license․․․․․․․․․․․․․ |
․․․․100.00 |
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|
(2) |
annual renewal of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․100.00 |
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|
T. |
motor clubs-- |
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|
(1) |
certificate of authority-- |
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|
(a) |
filing application for original certificate of authority and issuance of certificate of authority |
․․․․200.00 |
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|
(b) |
annual continuation of certificate of authority․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․100.00 |
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|
(2) |
sales representatives-- |
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|
(a) |
filing application for registration or license and issuance of registration or license, each representative |
․․․․․30.00 |
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|
(b) |
biennial continuation of registration or license, each representative․․ |
․․․․․60.00 |
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|
U. |
bail bondsmen-- |
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|
(1) |
filing application for original license as bail bondsman or solicitor, and issuance of license |
․․․․․30.00 |
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|
(2) |
examination for license, each instance of examination․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․50.00 |
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|
(3) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․60.00 |
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|
V. |
required filing of forms or rates--by all lines of business other than property or casualty-- |
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|
(1) |
rates․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․50.00 |
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|
(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 |
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|
(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 |
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|
W. |
health maintenance organizations-- |
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|
(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 |
|||
|
X. |
purchasing groups and foreign risk retention groups-- |
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|
(1) |
original registration․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․500.00 |
|||
|
(2) |
annual continuation of registration․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
|||
|
(3) |
producer fees--same as for authorized insurers |
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|
Y. |
third party administrators-- |
||||
|
(1) |
filing application for original business entity insurance administrator license |
․․․․100.00 |
|||
|
(2) |
biennial continuation or renewal of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
|||
|
(3) |
examination for license, each examination․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․75.00 |
|||
|
(4) |
filing of annual report․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․50.00 |
|||
|
Z. |
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 |
|||
|
AA. |
pharmacy benefits managers-- |
||||
|
(1) |
filing an application for a license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․1,000.00 |
|||
|
(2) |
annual continuation of license, each year continued․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․500.00 |
|||
|
(3) |
filing each annual report․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․200.00 |
|||
|
(4) |
filing an amendment to organizational documents requiring approval․․․․․․․․․․ |
․․․․200.00 |
|||
|
(5) |
filing informational amendments․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․100.00 |
|||
|
BB. |
independent review organizations |
||||
|
(1) |
filing an application for a license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․250.00 |
|||
|
(2) |
biennial continuation of license․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․100.00 |
|||
|
CC. |
continuing education providers |
||||
|
(1) |
filing an application for a course of instruction․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․․80.00 |
|||
|
(2) |
biennial continuation of course of instruction․․․․․․․․․․․․․․․․․․․․․․․․․․․․․․ |
․․․․40.00. |
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.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-6-1. Fee schedule - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-6-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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