Writing Surplus Line Business | Midpage

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New Mexico Administrative Code

Part 2

Writing Surplus Line Business

State of New Mexico

1Issuing Agency 2Scope 3Statutory Authority 4Duration 5Effective Date 6Objective 7Definitions 8Export on Basis of Rate Prohibited 9Prohibition on Artificial Division of Coverage 10Investigation of Financial Condition of Insurer 11Nonresident Surplus Lines Brokers 12Application Process for Surplus Lines Insurer 13Exception to Eligibility Requirements for Surplus Lines Insurers 14Refusal or Withdrawal of Surplus Lines Insurer Eligibility 15Appeal of Superintendent’s Action 16Notice of Withdrawal 17Documentation and Reporting Requirements 18Signature and Special Endorsement of Surplus Line Policy 19Producing Broker Affidavit 20Surplus Lines Broker Quarterly Summary Report Form 21Surplus Lines Insurer Annual Summary Report Form 22Surplus Lines Brokers Countersignature Endorsement