Insurance Bureaus >> Revenue Audit/Processing Section

Revenue Audit/Processing Section

The Revenue Audit/Processing Section is responsible for processing and auditing premium tax filings for all insurance companies. All insurers authorized to transact business in New Mexico and all property bondsmen, self-insurers, title companies and risk retention groups are subject to pay premium tax on a quarterly basis.

Policy filing fees for life and health insurance companies are processed in this office. The due dates for life and health filing fees are governed by policy changes and new submissions. The fees are determined by the type of policy or submission.

Policy filing fees for property and casualty insurance companies are also processed in this office. Property and casualty filing fees are due annually and are determined by premiums written in applicable lines of business.

Revenue Audit is responsible for receipting Examination’s annual statement filing fees and the Fraud Bureau’s annual fraud assessment.

Updates

Fraud Assessments were mailed out on August 3, 2011 and due by September 17, 2011.

2011 Estimated 3rd Quarter Premium Tax Reports are due by October 15, 2011.

Please Update all address and contact information using the address/update change form as we are updating our database.

Forms & Information

• Premium Tax Filing Instructions
  
  
• 2012 Estimated Quarterly report (Form 306)
  
  
• For amendments only - 2011 Estimated Quarter Report Form 306
  
  
• 2011 Premium Tax Life Final (Form 300)
  
  
• 2011 Premium Tax Casualty Final (Form 301)
  
  
• 2011 Premium Tax Property Final (Form 302)
  
  
• 2011 Premium Tax Vehicle Final (Form 303)
  
  
• Self Procured (Form 308)
  
  
• Self Insured (Form 309)
  
  

For Amendments Only:

2011 Estimated Quarterly Report (Form 306)

NOTICE:

Tax Reports:

Finals, Self Procured, Self Insured and 1st quarter due on April 15th, 2nd quarter due on July 15th, 3rd quarter due October 15th,
4th quarter due January 15th.

Financial Audit will only accept forms available on the PRC web site. We do not accept Premium Pro forms or any other forms that are not generated by the PRC Insurance Division.

Medical Insurance Pool & Health Alliance credits are both entered on finals at 50%.  The Medical Insurance Pool Special Acts are entered on final at 75%.

Do Not Email Reports, all forms must be signed.
(Please be advised that all forms are formatted to fit on legal size paper)

Refund Information

• Refund Request
  
  
• State of New Mexico W-9
  
  

Address Information

Please complete this form if your company has a change of address, contact information, or would like to inform the Insurance Division of an address for a specific assessment.

Address Change/Update Form (pdf to print and mail)

Public Regulation Commission
Insurance Division/ Revenue Audit Section
1120 Paseo De Peralta
P.O. Box 1269
Santa Fe, NM 87501

phone: 1-888-427-5772

fax: 505-827-4734