N.M. Code R. § 13.12.4.13 – Certification Procedure

A. Upon receipt of the completed application, filing fee and other required documents, the superintendent shall approve or disapprove the application or shall advise the applicant of the requirements to be met before approval will be granted.
B. Upon the superintendent’s approval of the application, and receipt of proof that all requirements have been met, the superintendent shall issue a certificate of self-insurance. A certificate of self-insurance shall be continuous until terminated or revoked as provided in this rule.
C. The superintendent shall deny an application for self-insurance if the applicant has failed to demonstrate to the superintendent’s satisfaction that it has met, and will be able to continue to meet, all requirements of this rule.
[4/1/99; Recompiled 11/30/01]