N.M. Code R. § 13.19.2.8

Export on Basis of Rate Prohibited

Effective Nov 30, 2001State of New Mexico

The possibility or actuality that insurance may be obtained at a lower cost from an unauthorized insurer is not sufficient rationale for the transaction of surplus lines insurance if an authorized insurer is willing to provide the insurance.

[1/1/99; Recompiled 11/30/01]

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