N.M. Admin. Code § 13.8.2.7 - DEFINITIONS
A.
Advisory
filing means any filing by a licensed advisory organization within the
scope of its license, solely for informational purposes and such limited uses
as provided in
13.8.2.20 NMAC. The term includes
a rate filing limited to pure premium rates, supplementary rates, and
supporting data developed and trended as appropriate.
B.
Advisory organization has
the meaning given in Section
59A-17-4 NMSA 1978.
C.
Credible or
credibility in connection with statistical data is used in
conformance with generally-accepted actuarial standards.
D.
Commercial insurance has the
meaning given in Section
59A-17-4 NMSA 1978.
E.
Expenses include acquisition
expenses, field supervision and collection expenses, general expenses, taxes,
licenses and fees.
F.
Filing means any submission to the superintendent to establish or revise
rates.
G.
Line of
business means a line of business as shown in the annual statement to
the superintendent.
H.
Pure
premium rate means that portion of a rate which represents the loss cost
per unit of exposure, and may include loss adjustment expense.
I.
Regular business day means
every day except Saturday, Sunday and official state government
holidays.
J.
Regular
business hours are 8:00 a.m. to 5:00 p.m., mountain standard or mountain
daylight time, whichever is applicable, on regular business days; provided that
regular business hours may be shortened on certain days without notice by
official action of the governor or the public regulation commission.
K.
Supplementary rate
information has the meaning given in Section
59A-17-4 NMSA 1978.
L.
Supporting data means data
and information which justifies, supports, interprets, describes, explains or
underlies any rate or supplementary rate information, including but not limited
to data the superintendent requires or may require pursuant to this
rule.
M.
Reference
filing as used in 13.8.2 NMAC and in Paragraph C of Section
59A-17-9 NMSA 1978 means a filing
by an insurer to adopt a legally effective filing by an advisory organization
to which the insurer is a member, a subscriber or an affiliate.
[See Section 59A-17-4 NMSA 1978 for additional definitions]
Notes
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