N.M. Admin. Code § 13.14.16.9 - SCHEDULE A - STATEMENT OF INCOME AND EXPENSES

NEW MEXICO TITLE INSURANCE AGENCY STATISTICAL REPORT SCHEDULE A - STATEMENT OF INCOME AND EXPENSES For the Calendar Year Ending December 31, 20___.
AGENCY NAME
LICENSE NUMBER
ADDRESS
CONTACT NAME
Check one:
INDEPENDENT (NON-AFFILIATED)		Title insurance agencies that are independently owned and write title insurance business for one or more title insurers.
AFFILIATED		Title insurance agencies with 10% or greater ownership by a title insurer, including wholly-owned agencies.
DIRECT		Agency-type operations performed by the home or branch office of a title insurer. This does NOT include wholly-owned agencies.
Part A: Revenue
1.		Title insurance written premiums (from Schedule B)
2.		Less: Remitted title insurance premiums (from Schedule B)
3.		Retained title insurance premiums (from Schedule B)
4.		Other income (from Schedule C)
5.		Total Revenue
Part B: Expenses
1.		Employees' salaries and wages
2.		Owners' and partners' salaries and wages
3.		Employee benefits
4.		Rent
5.		Insurance
6.		Legal expense
7.		Licenses, taxes and fees
8.		Title plant expense and maintenance
9.		Office supplies
10.		Depreciation
11.		Automobile expense
12.		Communication expense
13.		Education expense
14.		Bad debts
15.		Interest expense
16.		Employee travel and lodging
17.		Loss and loss adjustment expense (from Schedule D)
18.		Accounting and auditing expense
19.		Public relations expense
20.		Other expenses (from Schedule E)
21.		Total Expenses
Part C: Net Income for Ratemaking Purposes
1.		Income (Loss) from Operations
Part D: Excluded Expenses
1.		NMLTA lobbying expense
2.		Direct lobbying expense
3.		Political contributions
4.		State and federal income tax expense
5.		1/2 of meals and entertainment expense
6.		Penalties
7.		Country club dues
8.		Salaries in excess of salary cap
9.		Other excluded expenses (from Schedule E)
10.		Total Excluded Expenses
Part E: Net Income
1.		Net income as reported on the books of the agency
Part F: Equity
1.		Total equity as reported on balance sheet of the agency
Part G: Number of Employees
1.		Total number of employees

Notes

N.M. Admin. Code § 13.14.16.9

13.14.16.9 NMAC - Rp, 13.14.16.9 NMAC, 7-1-06; A, 09-15-10, Amended by New Mexico Register, Volume XXVI, Issue 24, December 30, 2015, eff. 3/1/2016, Adopted by New Mexico Register, Volume XXXI, Issue 24, December 29, 2020, eff. 1/1/2021