N.M. Admin. Code § 13.8.5.11 - REPORTING PERTINENT INFORMATION
A. At the request of the superintendent, an
insurer authorized to write any insurance in this state to which this rule
applies shall submit data to the superintendent establishing the relationship
of aggregated premiums actually charged to policyholders by the insurer for
each line of commercial insurance to the aggregate premium that would have been
produced by the insurers' filed unmodified rates for that line of commercial
insurance. A rate service organization may file the data on behalf of the
insurer.
B. The rate modification
plan filed by the national council of compensation insurance shall be for
workers' compensation insurance. The national council of compensation insurance
shall perform an independent audit of insurer records to verify accurate
recording at the policy level and tabulation of total debits and credits. The
national council of compensation insurance shall annually submit data to the
superintendent establishing the relationship of aggregated premiums actually
charged to policyholders by insurers for workers' compensation insurance to the
aggregate premium that would have been produced by the insurers' filed
unmodified rates.
Notes
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