Insurance Bureaus >> Property and Casualty Insurance Company, Rate, Rule & Form Filings

Property and Casualty Insurance Company, Rate, Rule and Form Filings

The Property & Casualty Insurance Company, Rate, Rule and Form Filings sections assists the Superintendent in reviewing and approving of all property/casualty product filings to ensure compliance with the New Mexico insurance statutes and rules.

Recent News

Revised Bulletin on Personal Lines Renewal Premium Disclosures

The Insurance Division has issued Bulletin 2007-004, which describes in greater detail the requirements originally noted in Bulletin 2003-002 that insurers provide their personal lines policyholders, upon request, with a detailed explanation of the causes of renewal premium changes.

New Product Filing Rules

As described in Bulletin 2006-001, the Division revised its property & casualty product filing rules on March 1, 2006. Companies must now file rates and rules separately from forms and must use appropriate NAIC transmittal documents instead of New Mexico’s now-obsolete Form A. Furthermore, most commercial lines products can now be submitted on a file-and-use basis.

For more information, view the new Rate/Rule Filing Rules and Form Filing Rules.

Compare Insurance Premium Guides

The Division of Insurance has created 6 new guides to provide our consumers the opportunity to compare insurance premiums being offered in New Mexico. The Premium Comparison Guides available to consumers include Renters, Condominiums, Homeowners, Automobile Single Driver, Automobile Household policy and Workers Compensation Insurance. Please visit the above link to start using one of our Guides.

Property and Casualty Forms

• Property/Casualty Product Filing Transmittal Documents
  
  
• Speed to Market Survey Filing Checklist
  
  
• New Mexico Consent To Rate Application
  
  
• Sample form of notice for Subsection B of Section 8 of 13.8.6 NMAC, Personal Insurance Credit Information

Forced Placed Insurance Annual Reporting Forms

• Summary Experience Form
  
  
• Creditor’s Experience Form
  
  
• Other Insurance Report
  
  
• Reconciliation Report
  
  

Rules Affecting Property Insurance 13.13.3 NMAC

TITLE 13               INSURANCE
CHAPTER 13       PROPERTY INSURANCE
PART 3                 THE NEW MEXICO FAIR PLAN

13.13.3.6               OBJECTIVE:  This rule specifies minimum coverages to be provided by the New Mexico property insurance program, the underwriting association established under Section 59A-29-2 NMSA 1978 of the FAIR Plan Act.

[9/15/93; Recompiled 11/30/01]

This rule was filed as 13 NMAC 13.3.

• NM Fair Plan Articles of Association
  
  
• NM Fair Plan By Laws

Public Regulation Commission
Property and Casualty Insurance Company,
Rate, Rule & Form Filings
1120 Paseo De Peralta
P.O. Box 1269
Santa Fe, NM 87504

phone: 1-888-427-5772

fax: 505-827-4734