reglab/housing_qa huggingface dataset:
NM Stat § 59A-17-13 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-13 - Grounds and procedures for disapproval of rates.

A. The superintendent shall disapprove a rate for use in a competitive market if the superintendent finds that the rate is inadequate or unfairly discriminatory under the rate standards set forth in Section 59A-17-6 NMSA 1978. The superintendent shall disapprove a rate for use in a noncompetitive, reverse competitive or residual market if the superintendent finds that the rate is excessive, inadequate or unfairly discriminatory under the rate standards set forth in Section 59A-17-6 NMSA 1978. B. The superintendent may at any time disapprove a filing submitted under the "file and use" provisions of Subsection A of Section 59A-17-9 NMSA 1978 after giving notice of hearing pursuant to the provisions of Subsection A of Section 59A-4-16 NMSA 1978 to every insurer and advisory organization that adopted the rate. C. The superintendent may disapprove a filing submitted under the "prior approval" provisions of Subsection B of Section 59A-17-9 NMSA 1978: (1) without a hearing prior to the expiration of the waiting period or an extension of the waiting period. An insurer or advisory organization whose rates are disapproved under this subsection may request a hearing before the superintendent by filing a written request within thirty days of the date of the disapproval notice; or (2) at any time after the expiration of the waiting period or an extension of the waiting period, after giving notice of hearing pursuant to the provisions of Subsection A of Section 59A-4-16 NMSA 1978 to every insurer and advisory organization that adopted the rate. D. The superintendent's notice or order of disapproval shall specify the respects in which the rate fails to meet the standards set forth in Section 59A-17-6 NMSA 1978. The notice or order shall state an effective date no sooner than thirty business days after the date of the notice or order when the insurer shall discontinue the use of the rate. The notice or order shall not affect any policy made before the effective date of the notice or order. History: Laws 1984, ch. 127, § 309; 1987, ch. 244, § 5; 2007, ch. 367, § 15. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, rewrote this section. Law reviews. — For annual survey of New Mexico insurance law, 19 N.M.L. Rev. 717 (1990). Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 56, 64. 44 C.J.S. Insurance § 15 et seq.
NM Stat § 59A-17-13.1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-13.1 - Discounts on homeowners' policies for burglary protections.

Any insurer licensed to write homeowner's insurance, as defined by the superintendent, within the state shall provide a minimum premium discount of ten percent for houses with electronic alarm systems designed to prevent unauthorized entry into the house. The insurer shall also provide a minimum premium discount of five percent for houses with wrought iron bars covering all the doors and windows of the house. These discounts shall apply to comprehensive coverage and shall be part of the insurer's rate filing. Some or all of the premium discounts required by this section may be omitted upon demonstration to the superintendent in an insurer's rate filing that the discounts are duplicative of other discounts provided by the insurer. History: Laws 1993, ch. 103, § 1; 2007, ch. 367, § 17. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, eliminated the provision that required the superintendent to approve discounts pursuant to 59A-17-13 NMSA 1978.
NM Stat § 59A-17-13.2 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-13.2 - Large commercial policyholders.

A. The superintendent may, by rule, establish a class of large commercial policyholders, to be known as exempt commercial policyholders, that shall be exempt from the rate and form requirements of Chapter 59A, Articles 17 and 18 NMSA 1978, except for form provisions relating to workers' compensation mandatory coverage provisions. B. In the promulgation of this rule, the superintendent shall consider the following factors in establishing an exempt commercial policyholder class: (1) the characteristics of insureds that are likely to study and understand the details of their business risks, insurance coverages and exclusions; (2) the characteristics of insureds that are likely to avail themselves of regular price comparisons between competing insurers and are likely to study and understand the differences and details of pricing proposals that they receive; (3) the characteristics of insureds that are likely to require individually written policies, as contrasted to insureds that can customarily have their coverage needs met through a compilation of forms with applicability to other insureds as well; (4) the characteristics of insureds for which filed rates and rating plans are less likely to provide the lowest premiums otherwise consistent with the provisions of the Insurance Rate Regulation Law; (5) the favorable or adverse experiences with exemptions from regulatory requirements, especially the experience in New Mexico; (6) the extent to which commercial insureds primarily located in another jurisdiction are subject to similar exemptions or waivers in that jurisdiction; and (7) any other relevant factors. C. The superintendent may, by rule, waive some or all of the diligent search requirements related to placement of risks in the approved surplus lines market for some or all of the exempt commercial policyholders. History: Laws 2007, ch. 367, § 16. ANNOTATIONSEffective dates. — Laws 2007, ch. 367, § 39 made this section effective July 1, 2007.
NM Stat § 59A-17-14 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-14 - Repealed.

History: Laws 1984, ch. 127, § 310; 1987, ch. 244, § 6; repealed by Laws 2007, ch. 367, § 38.ANNOTATIONSRepeals. — Laws 2007, ch. 367, § 38 repealed 59A-17-14 NMSA 1978, as enacted by Laws 1984, ch. 127, § 310, relating to disapproval of filings for workmen's compensation, effective July 1, 2007. For provisions of former section, see the 2006 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-17-15 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-15 - Repealed.

ANNOTATIONSRepeals. — Laws 1987, ch. 244, § 13 repealed 59A-17-15 NMSA 1978, as enacted by Laws 1984, ch. 127, § 311, relating to special restrictions on particular insurers, effective April 9, 1987.
NM Stat § 59A-17-16 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-16 - Requirement for supporting information.

A. By rule, the superintendent may require the filing of supporting data as to any or all kinds or lines of insurance or subdivisions thereof or classes of risks or combinations thereof as the superintendent deems necessary for the proper functioning of the rate monitoring and regulating process. The supporting data shall include: (1) the experience and judgment of the filer and, to the extent it wishes or the superintendent requires, of other insurers or advisory organizations; (2) its interpretation of any statistical data relied upon; (3) descriptions of the actuarial and statistical methods employed in setting the rates; and (4) any other relevant matters required by the superintendent. B. Whenever a filing is not accompanied by the information as the superintendent has required under Subsection A of this section, the superintendent may inform the insurer and the filing shall be deemed to be made when the information is furnished. History: Laws 1984, ch. 127, § 312; 1987, ch. 244, § 7; 2007, ch. 367, § 18. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed "rate service organizations" to "advisory organizations". Am. Jur. 2d, A.L.R. and C.J.S. references.— 43 Am. Jur. 2d Insurance §§ 56, 64. 44 C.J.S. Insurance § 15 et seq.
NM Stat § 59A-17-17 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-17 - Use of advisory organization filings.

A. An insurer may itself establish rates and supplementary rate information for a market segment based on the factors set forth in Section 59A-17-7 NMSA 1978 or it may in its rate filing incorporate by reference loss costs and other supplementary rate information prepared by an advisory organization, with modification for its own loss experience as the credibility of that experience allows. B. Nothing in the Insurance Rate Regulation Law shall be construed as requiring an insurer to become a member of or subscriber to any advisory organization. C. The superintendent may adopt rules establishing standards and administrative procedures to carry out the provisions of this section. History: Laws 1984, ch. 127, § 313; 1987, ch. 244, § 8; 1990 (2nd S.S.), ch. 2, § 93; 2003, ch. 202, § 10; 2007, ch. 367, § 19. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed "rate service organizations" to "advisory organizations". The 2003 amendment, effective June 20, 2003, rewrote this section.
NM Stat § 59A-17-17.1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-17.1 - Experience modification factor; workers' compensation claims; New Mexico Works Act.

A. Workers' compensation claims by participants as defined in the New Mexico Works Act [Chapter 27, Article 2B NMSA 1978] shall be separately recorded and maintained in the calculation of the experience modification factor used to calculate premiums for the participating employer so that the experience modification factor attributable to claims by participants can be separated from the remainder of the employer's experience modification factor. B. The separately calculated experience modification factor for the first year of employment of each participant shall not be considered as part of the experience modification factor of any employer. The superintendent of insurance shall promulgate rules to implement this section. C. For the purpose of this section, "participants" means participants as defined in the New Mexico Works Act. History: Laws 1999, ch. 181, § 1. ANNOTATIONSEffective dates. — Laws 1999, ch. 181 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective on June 18, 1999, 90 days after adjournment of the legislature.
NM Stat § 59A-17-18 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-18 - Advisory organizations; license required; obligation to provide service.

A. No advisory organization shall provide a service relating to the statistical collection or the rates of an insurance subject to the Insurance Rate Regulation Law, and no insurer shall use the services of the organization for such purposes, unless the organization has obtained a license as required by Section 59A-17-19 NMSA 1978. B. No advisory organization shall refuse to supply a service for which it is licensed in this state to an authorized insurer offering to pay the fair and usual compensation for the services. History: Laws 1984, ch. 127, § 314; 2007, ch. 367, § 20. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed "rate service organizations" to "advisory organizations" and prohibited advisory organizations from providing services related to statistical collection. Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 52, 57, 92. 44 C.J.S. Insurance §§ 19, 102.
NM Stat § 59A-17-19 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-19 - Advisory organizations; licensing.

A. A person, whether domiciled within or outside this state, may apply to the superintendent for license as an advisory organization for the kinds of insurance or subdivisions thereof as are specified in its application. The application shall include: (1) a copy of its constitution, charter, articles of organization, agreement, association or incorporation and a copy of its bylaws, plan of operation and other rules governing conduct of its business; (2) a list of its members and subscribers; (3) the name and address of one or more residents of this state upon whom notices, process affecting it or orders of the superintendent may be served; (4) a statement showing its technical qualifications for acting in the capacity for which it seeks a license; (5) payment of the license application fee in an amount specified in Section 59A-6-1 NMSA 1978; and (6) any other relevant information and documents that the superintendent may require. B. Every advisory organization that has applied for a license shall promptly notify the superintendent in writing of every material change in the facts or in the documents on which its application was based, or of change in name, address of its process agent under Paragraph (3) of Subsection A of this section. No amendment to a document referred to in Paragraph (1) of Subsection A of this section shall be effective until not less than thirty days after the amendment is filed with the superintendent. C. If the superintendent finds that the applicant and the individuals through whom it acts are competent, trustworthy and technically qualified to provide the services proposed, and that all requirements of law are met, the superintendent shall within sixty days after completion of the application issue a license to the applicant specifying the authorized activity; otherwise, the superintendent shall refuse to issue the license and shall promptly notify the applicant, specifying the grounds for refusal. The superintendent shall not issue a license if the proposed activity would tend to create a monopoly or lessen or destroy price competition. D. Licenses issued pursuant to this section shall remain in effect until the licensee withdraws from the state or until the license is suspended or revoked, subject to annual continuation on May 1 of each year by payment of the continuation fee specified in Section 59A-6-1 NMSA 1978. History: Laws 1984, ch. 127, § 315; 2007, ch. 367, § 21. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed the title of this section and changed "rate service organizations" to "advisory organizations". Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 52, 57, 92. 44 C.J.S. Insurance §§ 19, 102.
NM Stat § 59A-17-20 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-20 - Suspension, revocation of license.

The superintendent shall promptly revoke the license of an advisory organization if it ceases business or withdraws from this state, and the superintendent may suspend or revoke the license if the superintendent finds after a hearing that: A. the organization no longer meets the qualifications for licensing; or B. the organization has failed to file amended documents as required under Section 59A-17-19 NMSA 1978, or has violated or failed to comply with any other material requirement of the Insurance Rate Regulation Law or any other law. History: Laws 1984, ch. 127, § 316; 2007, ch. 367, § 22. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed "rate service organizations" to "advisory organizations". Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance § 59. 44 C.J.S. Insurance §§ 96, 97.
NM Stat § 59A-17-21 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-21 - Conduct of advisory organization.

A. An advisory organization shall furnish its services without discrimination to its members and subscribers. B. An advisory organization shall not adopt any rule, the effect of which would be to prohibit or regulate payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers. History: Laws 1984, ch. 127, § 317; 2007, ch. 367, § 23. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed "rate service organizations" to "advisory organizations".
NM Stat § 59A-17-22 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-22 - Repealed.

History: Laws 1984, ch. 127, § 318; repealed by Laws 2007, ch. 367, § 38.ANNOTATIONSRepeals. — Laws 2007, ch. 367, § 38 repealed 59A-17-22 NMSA 1978, as enacted by Laws 1984, ch. 127, § 318, relating to deviations, workmen's compensation, effective July 1, 2007. For provisions of former section, see the 2006 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-17-22.1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-22.1 - Repealed.

History: Laws 1986, ch. 22, § 100; repealed by Laws 2007, ch. 367, § 38.ANNOTATIONSRepeals. — Laws 2007, ch. 367, § 38 repealed 59A-17-22.1 NMSA 1978, as enacted by Laws 1986, ch. 22, § 100, relating to legislative findings, purpose and insurance rates freeze, effective July 1, 2007. For provisions of former section, see the 2006 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-17-23 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-23 - Advisory organizations; appeal by minority.

A member of or subscriber to an advisory organization may appeal to the superintendent from the action or decision of the advisory organization in approving or rejecting a proposed change in or addition to the filings of the advisory organization and the superintendent shall, after a hearing, issue an order approving the action or decision of the advisory organization or directing it to give further consideration to the proposal; or, if the appeal is from the action or decision of the advisory organization in rejecting a proposed addition to its filings, the superintendent may, in the event the superintendent finds that the action or decision was unreasonable, issue an order directing the advisory organization to make an addition to its filings, on behalf of its members and subscribers, in a manner consistent with the superintendent's findings, within a reasonable time after the issuance of the order. History: Laws 1984, ch. 127, § 319; 2007, ch. 367, § 24. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed "rate service organizations" to "advisory organizations" and deleted Subsection B, providing for appeals based on failure of a rate service organization to make a filing on behalf of a member or subscriber.
NM Stat § 59A-17-24 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-24 - Repealed.

History: Laws 1984, ch. 127, § 319a; repealed by Laws 2007, ch. 367, § 38.ANNOTATIONSRepeals. — Laws 2007, ch. 367, § 38 repealed 59A-17-24 NMSA 1978, as enacted by Laws 1984, ch. 127, § 319a, relating to advisory organizations, effective July 1, 2007. For provisions of former section, see the 2006 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-17-25 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-25 - Joint underwriting, joint reinsurance pool and residual market mechanisms.

A. A group, association or other organization of insurers that engages in joint underwriting, joint reinsurance pools or residual market mechanisms through the group, association or organization or by standing agreement among the members, shall file with the superintendent: (1) a copy of its constitution, its articles of incorporation, agreement or association and its bylaws and rules governing its activities, all duly certified by the custodian of the originals; (2) a list of its members; and (3) the name and address of a resident of this state upon whom notices or orders of the superintendent or process affecting the group, association or organization may be served. B. Every such group, association or other organization shall notify the superintendent promptly in writing of changes in its constitution, its articles of incorporation, agreement or association, its bylaws and rules governing conduct of its business, its list of members or the name and address of its process agent referred to in Paragraph (3) of Subsection A of this section. C. Every such group, association or organization shall be subject to regulation as herein provided, subject, however, as to joint underwriting to applicable provisions of the Insurance Rate Regulation Law, and as to joint reinsurance to Sections 59A-17-13, 59A-17-32, 59A-17-34 and 59A-17-35 NMSA 1978. D. No group, association or organization shall engage in an unfair or unreasonable practice with respect to its activities. If, after a hearing, the superintendent finds that an activity or practice of a group, association or organization is unfair or unreasonable or otherwise inconsistent with the provisions of the Insurance Rate Regulation Law, the superintendent may issue an order specifying the respects in which the activity or practice is unfair or unreasonable or otherwise inconsistent with the provisions of the Insurance Rate Regulation Law and requiring discontinuance of the activity or practice. History: Laws 1984, ch. 127, § 320; 1999, ch. 289, § 24; 2007, ch. 367, § 25. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, required a filing by joint reinsurance pools and residual market organizations. The 1999 amendment, effective June 18, 1999, updated the statutory references throughout the section. Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 91, 92; 44 Am. Jur. 2d Insurance § 1858. 44 C.J.S. Insurance § 102.
NM Stat § 59A-17-26 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-26 - Binding agreements by insurers.

No insurer shall assume an obligation to a person other than a policyholder or other insurers that with it are under common control or management or are members of a joint underwriting organization subject to the provisions of Section 59A-17-25 NMSA 1978, to use or adhere to certain rates or rules, and no other person shall impose a penalty or other adverse consequence for failure of an insurer to adhere to certain rates or rules except as to action by the superintendent in enforcement of Section 59A-17-12 NMSA 1978. History: Laws 1984, ch. 127, § 321; 2007, ch. 367, § 26. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, amended the section to delete the adherence to filed rules and require compliance with 59A-17-12 NMSA 1978.
NM Stat § 59A-17-27 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 17 - Insurance Rates and Rating|Section 59A-17-27 - Cooperative activities authorized.

Cooperation among advisory organizations or among organizations and insurers in rate making or in other matters within the scope of the Insurance Rate Regulation Law is hereby authorized, provided the filings resulting from the cooperation are subject to provisions of the Insurance Rate Regulation Law applicable to filings generally. The superintendent may review the cooperative activities and practices and if, after a hearing, the superintendent finds that the activity or practice is unfair or unreasonable or otherwise inconsistent with the Insurance Rate Regulation Law, the superintendent may issue an order specifying the respects in which the activity or practice is unreasonable or otherwise inconsistent with the Insurance Rate Regulation Law and requiring discontinuance of the activity or practice. History: Laws 1984, ch. 127, § 322; 2007, ch. 367, § 27. ANNOTATIONSThe 2007 amendment, effective July 1, 2007, changed "rate service organizations" to "advisory organizations".