NM Insurance Bulletin 2018-009

Due date for annual rate and form filing fees owed pursuant to NMSA 1978, 59a-6-1.2.

Year: 2018Length: 380 wordsOfficial source
SUPERINTENDENT OF INSURANCE John G. Franchini 505-827-4299 [LOGO] NEW MEXICO | OFFICE OF SUPERINTENDENT OF INSURANCE DEPUTY SUPERINTENDENT Robert Doucette 505-827-5832 Bulletin 2018-009 June 26, 2018 TO: ALL PROPERTY AND CASUALTY INSURANCE COMPANIES AUTHORIZED TO TRANSACT INSURANCE BUSINESS IN NEW MEXICO RE: DUE DATE FOR ANNUAL RATE AND FORM FILING FEES OWED PURSUANT TO NMSA 1978, § 59A-6-1.2 THE FOLLOWING BULLETIN is issued pursuant to NMSA 1978, § 59A-2-8, and 13.1.2.1 to 13.12.10 NMAC. NMSA 1978, § 59A-6-1.2 provides that annual rates and forms filing fees are due in advance by July 1. In prior years, The New Mexico Office of Superintendent of Insurance (“OSI”) issued invoices to property and casualty companies, and posted those invoices on or before June 1. Recent and ongoing information technology infrastructure changes at OSI unavoidably delayed the preparation of the annual invoices for 2018. In light of those delays, property and casualty insurers have asked whether OSI will extend the deadline for paying the rates and forms filing fees. Property and casualty insurers are entitled to a reasonable amount of time to undertake and complete the activities necessary to pay OSI invoices for rates and forms filing fees. Due to the unavoidable delays in OSI’s administration of NMSA 1978, § 59A-6-1.2 , Property and Casualty Rate and Form Filing Fees owed pursuant to that statute will be deemed timely if they are paid in full, and as invoiced, on or before August 1, 2018. If you have questions regarding this bulletin, please contact Ashley Hernandez, Property and Casualty Bureau Chief, at 505-827-4593, or via email to Ashley.Hernandez@state.nm.us. DONE AND ORDERED this 29th day of June, 2018. NM OFFICE OF SUPERINTENDENT OF INSURANCE 2018 JUN 29 PM 3:40 FILED John G. Franchini JOHN G. FRANCHINI Superintendent of Insurance Main Phone: 505-827-4601 Main Fax: 505-827-4734 Toll Free: 1-855-4-ASK-OSI Mailing Address: P.O. Box 1689 Santa Fe, NM 87504-1689 Physical Address: 1120 Paseo de Peralta email to Ashley.Hernandez@state.nm.us. DONE AND ORDERED this 29th day of June, 2018. NM OFFICE OF SUPERINTENDENT OF INSURANCE 2018 JUN 29 PM 3:40 FILED John G. Franchini JOHN G. FRANCHINI Superintendent of Insurance Main Phone: 505-827-4601 Main Fax: 505-827-4734 Toll Free: 1-855-4-ASK-OSI Mailing Address: P.O. Box 1689 Santa Fe, NM 87504-1689 Physical Address: 1120 Paseo de Peralta Santa Fe, NM 87501 Website: WWW.OSI.STATE.NM.US
NM Insurance Bulletin 2018-009: Due date for annual rate and form filing fees owed pursuant to NMSA 1978, 59a-6-1.2. | Justis AI