reglab/housing_qa huggingface dataset:
NM Stat § 59A-5A-13 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 5A - Risk-Based Capital|Section 59A-5A-13 - Notices.

The superintendent's notices to an insurer or health organization pursuant to the Risk-Based Capital Act shall be effective upon mailing by certified mail or, in the case of any other mode of transmission, shall be effective upon the insurer's or health organization's receipt. History: 1978 Comp., § 59A-5A-13, enacted by Laws 1995, ch. 149, § 13; 2014, ch. 59, § 11. ANNOTATIONSThe 2014 amendment, effective July 1, 2014, subjected health organizations to the Risk-Based Capital Act; after "notices to an insurer", added "or health organization", and after "upon the insurer's", added "or health organization's". Severability. — Laws 2014, ch. 59, § 12 provided that if any part or application of the provisions of the Risk-Based Capital Act is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-6-1.1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-1.1 - Surcharge imposed; appropriation.

A three-dollar ($3.00) surcharge shall be assessed for the period beginning March 1, 1996 and ending June 30, 2009 on the annual continuation of appointment fees imposed in Subsections E, F, N, S, W and X of Section 59A-6-1 NMSA 1978. The surcharge collected shall be distributed monthly to the New Mexico finance authority to be pledged irrevocably for the payment of principal, interest and any other expenses or obligations related to the bonds issued by the authority to finance information and communication equipment, including computer hardware and software, for the insurance division. History: 1978 Comp., § 59A-6-1.1, enacted by Laws 1996, ch. 6, § 1; 2005, ch. 278, § 1. ANNOTATIONSThe 2005 amendment, effective June 17, 2005, changed the ending date of the assessment period from March 1, 2006 to June 30, 2009 and changed the statutory reference from Subsections M, R, V and W to N, S, W, and X.
NM Stat § 59A-6-1.2 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-1.2 - Property and casualty annual rates and forms filing fees.

The annual filing fee for rates and forms due in advance on July 1 for each company in the following groupings shall be equal to the product produced by multiplying three thousandths by the company's previous calendar year's direct written premium as shown on its annual financial statement, but not to exceed an amount of one thousand five hundred dollars ($1,500) and not to be less than an amount of one hundred dollars ($100): A. private passenger automobile - liability and physical damage; B. homeowner's and farm owners'; C. workers' compensation; D. other casualty, including surety and fidelity; and E. other property. History: Laws 2001, ch. 302, § 2. ANNOTATIONSEffective dates. — Laws 2001, ch. 302, § 3 made Laws 2001, ch. 302, § 2 effective July 1, 2001.
NM Stat § 59A-6-1.3 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-1.3 - Dishonored checks and other forms of payment; penalty.

When a check or an electronic payment transaction for payment of fees is dishonored or reversed by the payer's financial institution, the payer shall pay to the insurance division a civil penalty in the amount of twenty-five dollars ($25.00). Neither the division nor the fiscal agent of New Mexico is obligated to resubmit the transaction or check for payment. The superintendent shall treat the transaction as though payment has not been made and cancel, suspend, rescind or revoke the transaction for failure to make payment. Any other penalty, reinstatement fee or other cost associated with failure to make the payment shall be in addition to the penalty set forth in this section. In this section, "electronic payment transaction" means credit card payments, electronic fund transfers, automated clearinghouse transactions and other similar forms of payment. History: Laws 2007, ch. 282, § 5. ANNOTATIONSEffective dates. — Laws 2007, ch. 282 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 15, 2007, 90 days after the adjournment of the legislature.
NM Stat § 59A-6-2 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-2 - Repealed.

History: Laws 1984, ch. 127, § 102; 1987, ch. 259, § 5; 1988, ch. 74, § 2; 1988, ch. 75, § 1; 1991, ch. 9, § 40; 1993, ch. 320, § 15; 2003, ch. 14, § 18; 2003, ch. 58, § 1; 2004, ch. 122, § 2; 2005, ch. 132, § 1; 2007, ch. 282, § 3; 2014, ch. 59, § 13; repealed by Laws 2018, ch. 57, § 31. ANNOTATIONSRepeals. — Laws 2018, ch. 57, § 31 repealed 59A-6-2 NMSA 1978, as enacted by Laws 1984, ch. 127, § 102, relating to premium tax; health insurance premium surtax, effective January 1, 2020. For provisions of former section, see the 2019 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-6-2.1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-2.1 - Repealed.

ANNOTATIONSRepeals. — Laws 1991, ch. 9, § 45 repealed 59A-6-2.1 NMSA 1978, as enacted by Laws 1988, ch. 77, § 1, relating to supplemental premium tax, effective July 1, 1993. For provisions of former section, see the 1990 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-6-3 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-3 - Insurer must pay tax on withdrawal from state.

Any insurer holding certificate of authority to transact insurance in New Mexico that ceases to do business in the state shall thereupon file with the secretary of taxation and revenue a report of its premiums collected to date of such cessation of business that are subject to the premium tax or the health insurance premium surtax and not theretofore reported, and forthwith pay to the secretary the tax thereon and surrender its certificate of authority to the superintendent. Upon receipt, the secretary shall submit a copy of the report to the superintendent and shall certify that all tax obligations have been satisfied by the withdrawing insurer. History: Laws 1984, ch. 127, § 103; 2018, ch. 57, § 14. ANNOTATIONSThe 2018 amendment, effective January 1, 2020, moved the collection of insurance premium tax from the office of the superintendent of insurance to the taxation and revenue department, and authorized the secretary of taxation and revenue to also collect the health insurance premium surtax from insurers that cease to do business in the state; and after "shall thereupon file with the", deleted "superintendent" and added "secretary of taxation and revenue", after "premium tax", deleted "as provided by Section 102 of this article" and added "or the health insurance premium surtax", after "forthwith pay to the", deleted "superintendent" and added "secretary", and added the last sentence. Temporary provisions. — Laws 2018, ch. 57, § 30 provided that: A. On January 1, 2020, all personnel directly involved with the audit and collection of the taxes imposed pursuant to the New Mexico Insurance Code prior to the effective date of this act, functions, appropriations, money, records, furniture, equipment and other property of, or attributable to, the financial audit bureau of the office of superintendent of insurance shall be transferred to the taxation and revenue department. B. On January 1, 2020, no contractual obligations of the office of superintendent of insurance shall be binding on the taxation and revenue department.
NM Stat § 59A-6-4 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-4 - Penalty for failure to pay fees.

Every insurer, nonprofit health care plan, health maintenance organization, prepaid dental plan or prearranged funeral plan transacting business in New Mexico that fails to pay when due any fees as required in Chapter 59A, Article 6 NMSA 1978 may be liable to the state for the amount thereof and for penalty of up to one thousand dollars ($1,000) for each month or part thereof it has failed to pay the fees when due. Services of process in any action against a person to recover the fee or penalty may be made upon the superintendent as attorney for service of process as provided in Section 59A-5-32 NMSA 1978. History: Laws 1984, ch. 127, § 104; 1987, ch. 259, § 6; 1988, ch. 76, § 2; 1993, ch. 320, § 16; 2018, ch. 57, § 15. ANNOTATIONSThe 2018 amendment, effective January 1, 2020, removed the penalty for failure to file when due any report for taxation or pay the tax owed; in the catchline, after "failure to", deleted "report or", and after "pay", deleted "tax or"; after "New Mexico that fails to", deleted "file when due any report for taxation, regardless of whether tax is due, or to", after "when due any", deleted "tax or", after "as required in", deleted "this" and added "Chapter 59A", after "Article", deleted "shall" and added "6 NMSA 1978 may", after "penalty of", added "up to", after "thereof it has failed to", deleted "file the report or", after "pay the", deleted "tax or", after "fees", deleted "after demand therefor" and added "when due", and after "person to recover the", deleted "tax". Temporary provisions. — Laws 2018, ch. 57, § 30 provided that: A. On January 1, 2020, all personnel directly involved with the audit and collection of the taxes imposed pursuant to the New Mexico Insurance Code prior to the effective date of this act, functions, appropriations, money, records, furniture, equipment and other property of, or attributable to, the financial audit bureau of the office of superintendent of insurance shall be transferred to the taxation and revenue department. B. On January 1, 2020, no contractual obligations of the office of superintendent of insurance shall be binding on the taxation and revenue department.The 1993 amendment, effective June 18, 1993, in the first sentence, inserted "regardless of whether tax is due" and deleted "of New Mexico" following "state".Am. Jur. 2d, A.L.R. and C.J.S. references. — 44 C.J.S. Insurance §§ 96, 97.
NM Stat § 59A-6-6 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-6 - Preemption and in lieu provision.

The state government of New Mexico preempts the field of taxation of insurers, nonprofit health care plans, health maintenance organizations, prepaid dental plans, prearranged funeral plans and insurance producers as such. The payment of the taxes, licenses and fees provided for in the Insurance Premium Tax Act [7-40-1 to 7-40-10 NMSA 1978] and the Insurance Code shall be in lieu of all other taxes, licenses and fees of every kind now or hereafter imposed by this state or any political subdivision thereof on any of the foregoing specified entities, excepting the regular state, county and city taxes on property located in New Mexico and excepting the income tax on insurance producers. The provisions of this section shall not apply to revenues or receipts that are not directly attributable to persons, entities and activities subject to the provisions of the Insurance Code. History: Laws 1984, ch. 127, § 106; 1987, ch. 259, § 7; 1988, ch. 76, § 3; 2016, ch. 89, § 3; 2018, ch. 57, § 17. ANNOTATIONSThe 2018 amendment, effective January 1, 2020, included the Insurance Premium Tax Act within the preemption provisions of this section, and clarified that the preemption provisions of this section do not apply to revenues or receipts that are not directly attributable to persons, entities and activities subject to the provisions of the Insurance Code; after "producers as such", deleted "and" and added "The", after "fees provided for in", added "the Insurance Premium Tax Act and", and after "income tax on insurance producers", deleted "No provision of law enacted after January 1, 1985 shall be deemed to modify this provision except by express reference to this section" and added the last sentence. Temporary provisions. — Laws 2018, ch. 57, § 30 provided that: A. On January 1, 2020, all personnel directly involved with the audit and collection of the taxes imposed pursuant to the New Mexico Insurance Code prior to the effective date of this act, functions, appropriations, money, records, furniture, equipment and other property of, or attributable to, the financial audit bureau of the office of superintendent of insurance shall be transferred to the taxation and revenue department. B. On January 1, 2020, no contractual obligations of the office of superintendent of insurance shall be binding on the taxation and revenue department.The 2016 amendment, effective July 1, 2017, after "prearranged funeral plans and insurance", deleted "agents and solicitors" and added "producers", after "on property located in New Mexico", added "and" and after "excepting the income tax on", deleted "not include insurance adjusters" and added "insurance producers". Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-6-7 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-7 - Repealed.

ANNOTATIONSRepeals. — Laws 1991, ch. 9, § 45 repealed 59A-6-7 NMSA 1978, as enacted by Laws 1988, ch. 76, § 5, relating to approval by superintendent of refund plans, effective July 1, 1993. For provisions of former section, see the 1990 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-6-8 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 6 - Fees and Taxes|Section 59A-6-8 - Superintendent shall provide information to the taxation and revenue department necessary to administer the Insurance Premium Tax Act.

The superintendent shall provide to the taxation and revenue department information regarding an insurer or plan subject to the Insurance Premium Tax Act [7-40-1 to 7-40-10 NMSA 1978] that is necessary to that department to administer the provisions of the Insurance Premium Tax Act.History: Laws 2019, ch. 47, § 3. ANNOTATIONSEffective dates. — Laws 2019, ch. 47, § 5 made Laws 2019, ch. 47, § 3 effective January 1, 2020.
NM Stat § 59A-7-1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 7 - Kinds of Insurance; Limits of Risk; Reinsurance|Section 59A-7-1 - Definitions not mutually exclusive; insuring powers; classification of insurers.

A. It is intended that certain insurance coverages may come within more than one "kind" of insurance as defined in Chapter 59A, Article 7 NMSA 1978, and inclusion of such coverage within one definition shall not exclude it as to any other kind of insurance within the definition of which the coverage is likewise reasonably includable. B. No insurer shall be authorized to transact any kind or kinds of insurance other than those defined in Chapter 59A, Article 7 NMSA 1978. Insurers shall be classified as to insuring powers according to kind or kinds of insurance for which so authorized. C. An insurer may apply to engage in insurance activities in one or more of the following lines of insurance: (1) life and annuities; (2) accident and health; (3) property; (4) casualty; and (5) variable life and annuity. History: Laws 1984, ch. 127, § 107; 2016, ch. 89, § 4. ANNOTATIONSThe 2016 amendment, effective July 1, 2017, listed the major lines of insurance in which insurers may apply to engage in business; in Subsection A, after "as defined in", deleted "this article" and added "Chapter 59A, Article 7 NMSA 1978"; in Subsection B, after "those defined in", deleted "this article" and added "Chapter 59A, Article 7 NMSA 1978"; and added new Subsection C. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected. Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 461 to 467.
NM Stat § 59A-7-2 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 7 - Kinds of Insurance; Limits of Risk; Reinsurance|Section 59A-7-2 - Life and annuity.

Life and annuity includes: A. fixed annuity; B. immediate annuity; C. deferred annuity; D. equity-indexed annuity; E. endowment; F. term life; G. universal life; H. whole life; I. credit life; and J. similar products relating to life and annuity matters. History: Laws 1984, ch. 127, § 108; 1995, ch. 149, § 14; 1978 Comp., § 59A-7-2, repealed and reenacted by Laws 2016, ch. 89, § 5. ANNOTATIONSRepeals and reenactments. — Laws 2016, ch. 89, § 5 repealed former 59A-7-2 NMSA 1978, and enacted a new section, effective July 1, 2017. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected. The 1995 amendment, effective June 16, 1995, added "as defined in Section 59A-20-2 NMSA 1978" at the end of the first sentence and inserted "health insurance, as defined in Section 59A-7-3 NMSA 1978" in the second sentence. Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 530 to 532. Accident or life insurance: death by autoerotic asphyxiation as accidental, 62 A.L.R.4th 823. 44 C.J.S. Insurance § 8 et seq.
NM Stat § 59A-7-3 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 7 - Kinds of Insurance; Limits of Risk; Reinsurance|Section 59A-7-3 - Accident and health insurance.

A. Accident and health includes: (1) accident; (2) accidental death and dismemberment; (3) blanket accident and sickness; (4) credit disability; (5) critical illness; (6) dental; (7) disability income; (8) home health care; (9) hospital indemnity; (10) long-term care; (11) major medical; (12) medical expense; (13) medicare supplement; (14) prescription drug; (15) sickness; (16) specified disease; (17) vision; and (18) similar products relating to accident and health matters. B. An insurer or a health maintenance organization authorized to transact accident and health insurance may write stop-loss liability insurance as listed in Paragraph (51) of Subsection A of Section 59A-7-6 NMSA 1978. History: Laws 1984, ch. 127, § 109; Laws 2000, ch. 61, § 1; 1978 Comp., § 59A-7-3, repealed and reenacted by Laws 2016, ch. 89, § 6; 2017, ch. 58, § 1; 2017, ch. 130, § 5. ANNOTATIONSRepeals and reenactments. — Laws 2016, ch. 89, § 6 repealed former 59A-7-3 NMSA 1978, and enacted a new section, effective July 1, 2017. The 2017 amendment, effective July 1, 2017, removed excess or stop loss insurance from the list of different accident and health insurance products, and authorized certain insurers to write stop loss liability insurance; added subsection designation "A.", and redesignated former Subsections A through G as Paragraphs A(1) through A(7), respectively; deleted former Subsection H and redesignated former Subsections I through S as Paragraphs A(8) through A(18), respectively; and added a new Subsection B. Duplicate laws. — Laws 2017, ch. 58, § 1, and Laws 2017, ch. 130, § 5, both effective July 1, 2017, enacted identical amendments to this section, with the exception of a paragraph designation in Subsection B. Laws 2017, ch. 130, § 5 refers to "Paragraph (51) [formerly Subsection YY] of Section 59A-7-6", while Laws 2017, ch. 58, § 1 refers to "Subsection YY of Section 59A-7-6". Both references are to "stop loss liability". The section was set out as amended by Laws 2017, ch. 130, § 5. See Section 12-1-8 NMSA 1978. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected. Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 547 to 680. Accident insurance: what is "loss" of body member, 51 A.L.R.4th 156. Accident or life insurance: death by autoerotic asphyxiation as accidental, 62 A.L.R.4th 823. What services, equipment, or supplies are "medically necessary" for purposes of coverage under medical insurance, 75 A.L.R.4th 763. Death or injury from taking illegal drugs or narcotics as accidental or result of accidental means within insurance coverage, 32 A.L.R.5th 629.
NM Stat § 59A-7-4 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 7 - Kinds of Insurance; Limits of Risk; Reinsurance|Section 59A-7-4 - Property.

Property includes: A. aircraft cargo; B. aircraft hull; C. auto commercial physical damage; D. baggage; E. builders risk; F. business owners; G. cargo; H. commercial inland marine; I. commercial multi-peril; J. commercial property; K. crop; L. crop hail; M. difference in conditions; N. dwelling; O. earthquake; P. event cancellation; Q. extended coverages; R. farm and ranch property; S. fire and allied lines; T. flood; U. garage; V. marine cargo; W. marine hull; X. ocean marine; Y. personal inland marine; Z. personal property; AA. pet insurance; BB. travel coverage; and CC. similar products relating to property matters. History: Laws 1984, ch. 127, § 110; 1978 Comp., § 59A-7-4, repealed and reenacted by Laws 2016, ch. 89, § 7. ANNOTATIONSRepeals and reenactments. — Laws 2016, ch. 89, § 7 repealed 59A-7-4 NMSA 1978, and enacted a new section, effective July 1, 2017. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected. Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 468 to 503. Liability insurance: when is vehicle in "dead storage," 48 A.L.R.4th 591. Theft and vandalism insurance: coinsured's misconduct as barring innocent coinsured's right to recover on policy, 64 A.L.R.4th 714. Property damage insurance: what constitutes "contamination" within policy clause excluding coverage, 72 A.L.R.4th 633. What is "flood" within exclusionary clause of property damage policy, 78 A.L.R.4th 817. Construction and effect of provisional or monthly reporting inventory insurance, 81 A.L.R.4th 9. Construction and effect of property insurance provision permitting recovery of replacement cost of property, 1 A.L.R.5th 817. Requirement under property insurance policy that insured submit to examination under oath as to loss, 16 A.L.R.5th 412. What constitutes "vacant land" within meaning of liability of property insurance policy provisions, 47 A.L.R.5th 535. What constitutes "suit" triggering insurer's duty to defend environmental claims-state cases, 48 A.L.R.5th 355.
NM Stat § 59A-7-5 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 7 - Kinds of Insurance; Limits of Risk; Reinsurance|Section 59A-7-5 - Repealed.

History: Laws 1984, ch. 127, § 111; repealed by Laws 2016, ch. 89, § 70. ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-7-5 NMSA 1978, as enacted by Laws 1984, ch. 127, § 111, relating to marine and transportation, wet marine insurance defined, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-7-8 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 7 - Kinds of Insurance; Limits of Risk; Reinsurance|Section 59A-7-8 - Repealed.

History: Laws 1984, ch. 127, § 114; repealed by Laws 2016, ch. 89, § 70.ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-7-8 NMSA 1978, as enacted by Laws 1984, ch. 127, § 114, relating to surety insurance defined, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-7-9 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 7 - Kinds of Insurance; Limits of Risk; Reinsurance|Section 59A-7-9 - Repealed.

History: Laws 1984, ch. 127, § 115; repealed by Laws 2016, ch. 89, § 70. ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-7-9 NMSA 1978, as enacted by Laws 1984, ch. 127, § 115, relating to title insurance defined, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.