HOUSE BILL 248
55th legislature - STATE OF NEW MEXICO - first session, 2021
INTRODUCED BY
Christine Chandler
AN ACT
RELATING TO INSURANCE; AMENDING THE NEW MEXICO INSURANCE CODE; INCREASING, ELIMINATING AND CREATING NEW INSURANCE FEES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. Section 59A-6-1 NMSA 1978 (being Laws 1984, Chapter 127, Section 101, as amended) is amended to read:
"59A-6-1. FEE SCHEDULE.--The superintendent shall collect the following fees:
A. insurer's certificate of authority -
(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
(2) annual continuation of certificate of authority, per kind of insurance . . . . . . . .[200.00] 300.00
(3) reinstatement of certificate of authority (Section 59A-5-23 NMSA 1978). . . . . . . . . . [150.00] 500.00
(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] 75.00
C. annual statement of insurer, filing
. . . . . . . . . . . . . . . . . . . . . . . . [200.00] 300.00
D. filing application for merger, acquisition or change of control . . . . . . . . . . . . . . . . . . 1,000.00
E. filing application for redomestication . 500.00
F. filing application for nonprofit health care plan preliminary permit and issuance of permit . . . . 1,000.00
G. filing managed health care plan annual compliance documentation (each) . . . . . . . . . . . . . 15.00
H. multiple employer welfare arrangement -
(1) filing application for
registration . . . . . . . . . . . . . . . . . . . . . . 500.00
(2) filing annual continuation of
registration . . . . . . . . . . . . . . . . . . . . . . 200.00
[D.] I. service of process, acceptance by superintendent and issuance of certificate of service -[10.00]
(1) electronic service . . . . . . . . . 20.00
(2) alternative service . . . . . . . . 30.00
[E.] J. producer licenses and appointments - . . .
(1) filing application for original producer license and issuance of license. . . . . . . . . .[30.00] 50.00
(2) biennial continuation of license . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . [60.00] 70.00
(3) appointment of producer -
(a) filing appointment, per kind of insurance, each insurer. . . . . . . . . . . . . .[20.00] 30.00
(b) annual continuation of appointment, per kind of insurance, each insurer. . . . . . . .[20.00] 30.00
(4) temporary license filing
application. . . . . . . . . . . . . . . . . . . [30.00] 100.00
[F.] K. agency business entity license and
affiliations -
(1) filing application for original agency business entity license and issuance of license. .[30.00] 40.00
(2) biennial continuation of license. . .60.00
(3) filing of individual affiliation . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . [20.00] 30.00
(4) annual continuation of individual affiliation. . . . . . . . . . . . . . . . . .. . [20.00] 30.00
[G.] L. insurance vending machine license -
(1) filing application for original license and issuance of license, each machine. . . . . . . . . . .25.00
(2) biennial continuation of license, each machine . . . . . . . . . . . . . . . . . . . . . . . . . 50.00
[H.] M. 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.] N. surplus lines insurer - filing application for qualification as eligible surplus lines insurer. . 1,000.00
[J.] O. surplus lines broker license -
(1) filing application for original license and issuance of license. . . . . . . . . . . . .[100.00] 150.00
(2) biennial continuation of license. . . . .
. . . . . . . . . . . . . . . . . . . . . . . . [200.00] 300.00
[K.] P. surplus lines brokerage business entity license and affiliations -
(1) filing application for original surplus lines brokerage business entity license and issuance of
license . . . . . . . . . . . . . . . . . . . . [100.00] 500.00
(2) filing of individual affiliation. . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . [20.00] 30.00
(3) annual continuation of individual affiliation. . . . . . . . . . . . . . . . . . . .[20.00] 30.00
[L.] Q. adjuster license -
(1) filing application for original license and issuance of license. . . . . . . . . . . . . .[30.00] 40.00
(2) biennial continuation of
license. . . . . . . . . . . . . . . . . . . . . .[60.00] 70.00
[M.] R. insurance consultant license -
(1) filing application for original license and issuance of license. . . . . . . . . . . . . . . . . .50.00
(2) application examination. . . . . . . 75.00
(3) biennial continuation of license. . 100.00
[N.] S. viatical settlements license -
(1) providers -
(a) filing application for original license and issuance of license. . . . . . . . . . . . 1,000.00
(b) biennial continuation of
license. . . . . . . . . . . . . . . . . . . . . . . . . 400.00
(2) brokers -
(a) filing application for original license and issuance of license. . . . . . . . .[100.00] 150.00
(b) biennial continuation of
license. . . . . . . . . . . . . . . . . . . . [200.00] 300.00
(3) brokerages -
(a) filing application for original business entity license and issuance of license.[100.00] 200.00
(b) biennial continuation of
license. . . . . . . . . . . . . . .