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.