N.M. Admin. Code § 13.8.2.16 - OTHER COMPANY FILING METHODS FOR LIMITED MARKETS
The superintendent may authorize an insurer to make a company rate filing on any basis meeting statutory rate standards, including but not limited to ratemaking by reference to an approved New Mexico filing of another company, or any other appropriate method, where the insurer demonstrates to the superintendent's satisfaction that:
A.
the predicted New Mexico premium volume for the line or part of a line of
business is so minimal that development of a rate is economically unfeasible;
and
B. there is a need or demand
for such coverage in New Mexico which will be inadequately or uneconomically
served if the filer does not file a rate and make a market in the line or part
of a line of business.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.