N.M. Stat. Ann. § 59A-6-1
The superintendent shall collect the following fees:
A. insurer's certificate of authority -
(4) amendment to certificate of authority 200.00
B. charter documents - filing amendment to any charter document (as defined in Section 59A-5-3 NMSA 1978) 10.00
C. annual statement of insurer, filing 200.00
D. service of process, acceptance by superintendent and issuance of certificate of service 10.00
E. producer licenses and appointments -
(3) appointment of producer -
(4) temporary license filing application 30.00
F. agency business entity license and affiliations -
(4) annual continuation of individual affiliation 20.00
G. insurance vending machine license -
(2) biennial continuation of license, each machine 50.00
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
I. surplus lines insurer - filing application for qualification as eligible surplus lines insurer 1,000.00
J. surplus lines broker license -
(2) biennial continuation of license 200.00
K. surplus lines brokerage business entity license and affiliations -
(3) annual continuation of individual affiliation 20.00
L. adjuster license -
(2) biennial continuation of license 60.00
M. insurance consultant license -
(3) biennial continuation of license 100.00
N. viatical settlements license -
(1) providers -
(2) brokers -
(3) brokerages -
(d) annual continuation of individual affiliation 20.00
O. advisory organization license -
(2) annual continuation of license 100.00
P. nonprofit health care plans -
(3) annual statement, filing 200.00
Q. prepaid dental plans -
(2) annual report, filing 200.00
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
S. premium finance companies -
(2) annual renewal of license 100.00
T. motor clubs -
(1) certificate of authority -
(2) sales representatives -
(b) biennial continuation of registration or license, each representative 60.00
U. bail bondsmen -
(3) biennial continuation of license 60.00
V. required filing of forms or rates - by all lines of business other than property or casualty -
(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
W. health maintenance organizations -
(5) filing informational amendments 50.00
X. purchasing groups and foreign risk retention groups -
(3) producer fees - same as for authorized insurers
Y. third party administrators -
(4) filing of annual report 50.00
Z. miscellaneous fees -
(3) for each signature and seal of superintendent affixed to any instrument 10.00
AA. pharmacy benefits managers -
(5) filing informational amendments 100.00
BB. independent review organizations
(2) biennial continuation of license 100.00
CC. continuing education providers
(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.
History: Laws 1984, ch. 127, § 101; 1990, ch. 34, § 1; 1991, ch. 124, § 1; 1993, ch. 320, § 14; 1999, ch. 272, § 2; 1999, ch. 289, § 2; 2001, ch. 302, § 1; 2003, ch. 306, § 1; 2011, ch. 127, § 4; 2014, ch. 14, § 7; 2016, ch. 89, § 2.
The 2016 amendment, effective July 1, 2017, revised the fee schedule for licensees, introduced fees for independent review organizations and continuing education providers, and increased fees for the renewal of certain licenses; in Subsection A, Paragraph (1), after "certificate of authority", deleted "if issued"; in Subsection D, after "certificate of service", deleted "where issued"; in Subsection E, deleted "agents’" and added "producer", in Paragraph (1), after "original", deleted "agent" and added "producer", and after "issuance of license", deleted "if issued", added a new Paragraph (2) and redesignated former Paragraph (2) as Paragraph (3), in Paragraph (3), after "appointment of", deleted "agent" and added "producer", in Subparagraph E(3)(b), after "appointment", added "per kind of insurance", deleted former Paragraph (3) of Subsection E, in Paragraph (4), after "temporary license", added "filing application 30.00" and deleted the remainder of the paragraph; in Subsection F, in the introductory phrase, after "agency", added "business entity", in Paragraph (1), after "issuance of license", deleted "if issued", added a new Paragraph (2) and redesignated former Paragraphs (2) and (3) as Paragraphs (3) and (4), respectively, in Paragraph (3), after "affiliation", deleted "per kind of insurance"; deleted Subsections G and H, and redesignated former Subsections I through W as Subsections G through U, respectively; in Subsection G, Paragraph (1), after "issuance of license", deleted "if issued", in Paragraph (2), deleted "annual" and added "biennial", and after "each machine", deleted "25.00" and added "50.00"; in Subsection H, after "directly by", added "the", and after "each instance of examination", deleted "50.00" and added "75.00"; in Subsection J, Paragraph (1), after "and issuance of license", deleted "if issued", and in Paragraph (2), deleted "annual" and added "biennial", and after "license", deleted "100.00" and added "200.00"; in Subsection K, in the introductory phrase, after "surplus lines", deleted "broker" and added "brokerage business entity", in Paragraph (1), after "license", deleted "if issued", and in Paragraph (2), after "affiliation", deleted "per kind of insurance"; in Subsection L, Paragraph (1), after "issuance of license", deleted "if issued", and in Paragraph (2), deleted "annual" and added "biennial", and after "license", deleted "30.00" and added "60.00"; in Subsection M, Paragraph (1), after "issuance of license", deleted "if issued", and in Paragraph (2), after "examination", deleted "10.00" and added "75.00"; in Subsection N, Subparagraph (1)(a), after "issuance of license", deleted "if issued", in Subparagraph (1)(b), deleted "annual" and added "biennial", and after "license", deleted "100.00" and added "200.00", in Subparagraph (2)(a), after "issuance of license", deleted "if issued", in Subparagraph (2)(b), deleted "annual" and added "biennial", and after "license", deleted "100.00" and added "200.00", in Subparagraph (3)(a), after "original", added "business entity", and after "issuance of license", deleted "if issued", in Subparagraph (3)(b), deleted "annual" and added "biennial", and after "license", deleted "20.00" and added "200.00", in Subparagraph (3)(c), after "affiliation", deleted "per kind of insurance"; in Subsection O, deleted "rating organization or rating", and in Paragraph (1), after "issuance of license", deleted "if issued"; in Subsection P, Paragraph (1), after "issuance of permit", deleted "if issued", and deleted Paragraph (4); in Subsection Q, deleted Paragraph (3); in Subsection S, Paragraph (1), after "issuance of license", deleted "if issued"; in Subsection T, Subparagraph (1)(a), after "certificate of authority", deleted "if issued", in Subparagraph (2)(a), after "registration or license", deleted "if issued", and after "representative", deleted "20.00" and added "30.00", in Subparagraph (2)(b), deleted "annual" and added "biennial", and after "representative", deleted "20.00" and added "60.00"; in Subsection U, Paragraph (1), after "issuance of license", deleted "if issued", in Paragraph (2), after "license", deleted "conducted directly by superintendent", in Paragraph (3), deleted "annual" and added "biennial", and after "license", deleted "20.00" and added "60.00"; deleted Subsection X, which related to fees for a security salesperson license and renewal, and redesignated former Subsections Y through DD as Subsections V through AA, respectively; in Subsection W, deleted Paragraph (6); in Subsection X, Paragraph (3), deleted "agent or broker" and added "producer"; in Subsection Y, Paragraph (1), after "original", deleted "individual" and added "business entity", and after "license", deleted "30.00" and added "100.00", deleted Paragraph (2) and redesignated former Paragraphs (3) through (5) as Paragraphs (2) through (4), respectively, in Paragraph (2), deleted "annual" and added "biennial", and after "license", deleted "30.00" and added "200.00", and in Paragraph (3), after "license", deleted "conducted directly by the superintendent"; in Subsection AA, deleted Paragraph (6); and added new Subsections BB and CC.
Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
The 2014 amendment, effective May 21, 2014, imposed fees for licensure of pharmacy benefits managers, and added Subsection DD.
The 2011 amendment, effective July 1, 2011, added Subsection F to establish fees for agency licenses and affiliations; in Subsection M, added the surplus lines broker license and affiliations title heading; added Subsection O to establish fees for insurance consultant licenses; added Subsection V to establish fees for viatical settlements licenses; eliminated the fee for a signature and seal of the superintendent; and added Subsection CC to establish miscellaneous fees.
The 2003 amendment, effective June 20, 2003 substituted "the following fees" for "and receipt for, and persons so served shall pay to the superintendent, fees, licenses and miscellaneous charges as follows" at the end of the first paragraph; added Subsection Y; in the next-to-last paragraph of the section, deleted "Notwithstanding the fees required in this subsection" at the beginning and substituted "may" for "shall" following "rate-filing fees" in the first sentence and twice in the last sentence of the paragraph; and deleted "Except as to certain appointment fees as specified in Section 59A-11-8 NMSA 1978" at the beginning of the last paragraph of the section.
The 2001 amendment, effective July 1, 2001, added current Subsection J, redesignated the subsequent subsections and added "by all lines of business other then property or casualty" to current Subsection V.