0001| AN ACT | 0002| RELATING TO INSURANCE; INCREASING FEES FOR CERTIFICATES OF AUTHORITY. | 0003| | 0004| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | 0005| Section 1. Section 59A-6-1 NMSA 1978 (being Laws 1984, Chapter 127, Section 101, as | 0006| amended) is amended to read: | 0007| "59A-6-1. FEE SCHEDULE.--The superintendent shall collect and receipt for, and | 0008| persons so served shall pay to the superintendent, fees, licenses and miscellaneous charges as | 0009| follows: | 0010| A. insurer's certificate of authority: | 0011| (1) filing application for certificate of authority, and issuance of certificate | 0012| of authority, if issued, including filing of all charter documents, financial statements, service of | 0013| process, power of attorney, examination reports and other documents included with and part of | 0014| the | 0015| application. . . . . . . . . . . . . . . . . . . . . . $2,500.00; | 0016| (2) annual continuation of certificate of authority, per kind of insurance, | 0017| each year continued | 0018| . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,000.00; | 0019| (3) reinstatement of certificate of authority (Section 59A-5-23 NMSA | 0020| 1978). . . . . . . . . . . . . . . . . . . . . . . . . . .150.00; | 0021| and | 0022| (4) amendment to certificate of authority | 0023| . . . . . . . . . . . . . . . . . . . . . . . . . . . . .200.00; | 0024| B. charter documents - filing amendment to any charter document (as defined in | 0025| Section 59A-5-3 NMSA | 0001| 1978). . . . . . . . . . . . . . . . . . . . . . . . . . . 10.00; | 0002| C. annual statement of insurer, filing . . . . .200.00; | 0003| D. service of process, acceptance by superintendent and issuance of certificate of | 0004| service, where issued. . . . . . . . . . . . . . . . . . . 10.00; | 0005| E. agents' licenses and appointments: | 0006| (1) filing application for original resident agent license and issuance of | 0007| license, if issued . . . . . . . . . . . . . . . . . . . . 30.00; | 0008| (2) appointment of agent: | 0009| (a) filing appointment, per kind of insurance, each insurer20.00; | 0010| and | 0011| (b) continuation of appointment, each insurer, each year continued20.00; | 0012| (3) variable annuity agent's license: | 0013| (a) filing application for license and issuance of license, if issued25.00; | 0014| and | 0015| (b) continuation of appointment, each year25.00; | 0016| (4) nonresident agent license - same as for resident agent; and | 0017| (5) temporary license as to life and health insurance or both30.00; | 0018| (a) as to property insurance | 0019| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00; | 0020| (b) as to casualty/surety insurance | 0021| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00; | 0022| and | 0023| (c) as to vehicle insurance | 0024| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00; | 0025| F. solicitor license: | 0001| (1) filing application for original license and issuance of license, if issued30.00; | 0002| and | 0003| (2) continuation of appointment, per kind of insurance, each year20.00; | 0004| G. nonresident broker license: | 0005| (1) filing application for license and issuance of original license, if issued30.00; | 0006| and | 0007| (2) annual continuation of license . . 30.00; | 0008| H. insurance vending machine license: | 0009| (1) filing application for original license and issuance of license, if issued, | 0010| each machine . . . . . . . . . . . . . . . . . . . . . . . 25.00; | 0011| and | 0012| (2) annual continuation of license, each | 0013| machine . . . . . . . . . . . . . . . . . . . . . . . . . 25.00; | 0014| I. examination for license, application for examination conducted directly by | 0015| superintendent, each grouping of kinds of insurance to be covered by the examination as | 0016| provided by the superintendent's rules and regulations, and payable as to each instance of | 0017| examination | 0018| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00; | 0019| J. surplus line broker license: | 0020| (1) filing application for original license and issuance of license, if issued100.00; | 0021| and | 0022| (2) annual continuation of license. . 100.00; | 0023| K. adjuster license: | 0024| (1) filing application for original license and issuance of license, if issued30.00; | 0025| and | 0001| (2) annual continuation of license . . 30.00; | 0002| L. rating organization or rating advisory organization license: | 0003| (1) filing application for license and issuance of license, if issued100.00; | 0004| and | 0005| (2) annual continuation of license | 0006| . . . . . . . . . . . . . . . . . . . . . . . . . . . . .100.00; | 0007| M. nonprofit health care plans: | 0008| (1) filing application for preliminary permit and issuance of permit, if | 0009| issued . . . . . . . . . . . . . . . . . . . . . . . . . .100.00; | 0010| (2) certificate of authority, application, issuance, continuation, | 0011| reinstatement, charter documents - same as for insurers; | 0012| (3) annual statement, filing. . . . . . . .200.00; | 0013| and | 0014| (4) agents and solicitors: | 0015| (a) filing application for original license and issuance of license, if | 0016| issued . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00; | 0017| (b) examination for license conducted directly by superintendent, | 0018| each instance of examination | 0019| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00; | 0020| and | 0021| (c) annual continuation of appointment | 0022| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.00; | 0023| N. prepaid dental plans: | 0024| (1) certificate of authority, application, issuance, continuation, | 0025| reinstatement, charter documents - same as for insurers; | 0001| (2) annual report, filing . . . . . . . . .200.00; | 0002| (3) agents and solicitors: | 0003| (a) filing application for original license and issuance of license, if | 0004| issued . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00; | 0005| (b) examination for license conducted directly by superintendent, | 0006| each instance of examination | 0007| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00; | 0008| and | 0009| (c) continuation of license, | 0010| each year. . . . . . . . . . . . . . . . . . . . . . . . . 30.00; | 0011| O. prearranged funeral insurance - application for certificate of authority, | 0012| issuance, continuation, reinstatement, charter documents, filing annual statement, licensing of | 0013| sales representatives - same as for insurers; | 0014| P. premium finance companies: | 0015| (1) filing application for original license and issuance of license, if issued | 0016| . . . . . . . . . .100.00; | 0017| and | 0018| (2) annual renewal of license | 0019| . . . . . . . . . . . . . . . . . . . . . . . . . . . . .100.00; | 0020| Q. motor clubs: | 0021| (1) certificate of authority: | 0022| (a) filing application for original certificate of authority and | 0023| issuance of certificate of authority, if issued. . . . . .200.00; | 0024| and | 0025| (b) annual continuation of certificate of authority100.00; | 0001| and | 0002| (2) sales representatives: | 0003| (a) filing application for registration or license and issuance of | 0004| registration or license, if issued, each representative. . 20.00; | 0005| and | 0006| (b) annual continuation of registration or license, each | 0007| representative . . . . . . . . . . . . . . . . . . . . . . 20.00; | 0008| R. bail bondsmen: | 0009| (1) filing application for original license as bail bondsman or solicitor, | 0010| and issuance of license, if | 0011| issued . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00; | 0012| (2) examination for license conducted directly by superintendent, each | 0013| instance of examination | 0014| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50.00; | 0015| and | 0016| (3) continuation of appointment, each year | 0017| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.00; | 0018| S. securities salesperson license: | 0019| (1) filing application for license and issuance of license, if issued25.00; | 0020| and | 0021| (2) renewal of license, each year . . . . . 25.00; | 0022| T. for each signature and seal of the superintendent affixed to any instrument10.00; | 0023| U. required filing of forms or rates: | 0024| (1) rates . . . . . . . . . . . . . . . . . 50.00; | 0025| (2) major form - each new policy and each package submission which can | 0001| include multiple policy forms, application forms, rider forms, endorsement forms or amendment | 0002| forms. . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00; | 0003| and | 0004| (3) incidental forms and rates - forms filed for informational purposes; | 0005| riders, applications, endorsements and amendments filed individually; rate service organization | 0006| reference filings; rates filed for informational purposes | 0007| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.00; | 0008| V. health maintenance organizations: | 0009| (1) filing an application for a certificate of authority2,500.00; | 0010| (2) annual continuation of certificate of authority, each year continued1,000.00; | 0011| (3) filing each annual report . . . . . . .200.00; | 0012| (4) filing an amendment to organizational documents requiring approval200.00; | 0013| (5) filing informational amendments . . . . 50.00; | 0014| and | 0015| (6) agents and solicitors: | 0016| (a) filing application for original license and issuance of license, if | 0017| issued . . . . . . . . . . . . . . . . . . . . . . . . . . 30.00; | 0018| (b) examination for license, each instance of examination50.00; | 0019| and | 0020| (c) annual continuation of appointment | 0021| . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.00; | 0022| and | 0023| W. purchasing groups and foreign risk retention groups: | 0024| (1) original registration . . . . . . . . .500.00; | 0025| (2) annual continuation of registration | 0001| . . . . . . . . . . . . . . . . . . . . . . . . . . . . .200.00; | 0002| and | 0003| (3) agent or broker fees-same as for authorized insurers. | 0004| Notwithstanding the fees required in this section, an insurer shall be subject to additional | 0005| fees or charges, termed retaliatory or reciprocal requirements, or both, whenever any form or | 0006| rate-filing fees in excess of those imposed by the laws of this state are charged to insurers in New | 0007| Mexico doing business in another state or whenever any condition precedent to the right to issue | 0008| policies in another state is imposed by the laws of that state over and above the conditions | 0009| imposed upon insurers by the laws of New Mexico; in those cases, the same form or rate-filing | 0010| fees shall be imposed upon every insurer from every other state transacting or applying to | 0011| transact business in New Mexico so long as the higher fees remain in force in the other state. If | 0012| an insurer fails to comply with the additional retaliatory or reciprocal requirement charges | 0013| imposed under this section, the superintendent shall refuse to grant or shall withdraw approval of | 0014| the tendered form or rate filing. | 0015| Except as to certain appointment fees as specified in Section 59A-11-8 NMSA | 0016| 1978, all fees are deemed earned when paid and are not refundable." |