Property Bondsman’S Schedule Of Charges And Rating Plan

Every property bondsman shall maintain records to confirm compliance with the superintendent’s published premium rates, schedule of charges and rating plan. The superintendent may, if he deems it necessary to evaluate compliance require the property bondman to submit audited financial statements under oath. A. The published premium rates, schedule of charges and rating plan shall be available on the OSI website and will be updated periodically, pursuant to a public hearing, as deemed necessary by the superintendent. B. The published premium rates, schedule of charges and rating plan shall be: (1) posted in a conspicuous place in the bail bondsman’s place of business; (2) available for public inspection in the offices of the superintendent; and (3) provided to any court upon request. [13 NMAC 20.2.22 - Rp, 13.20.2.23 NMAC, 7/11/17] 13.20.2.23 INSTRUCTIONS FOR PREPARING AND SUBMITTING THE ANNUAL FINANCIAL STATEMENT: Upon the licensee’s renewal anniversary date, property bondsman must submit a detailed financial statement to the OSI examinations bureau. All instructions for preparing and submitting a financial statement are 13.20.2 NMAC 9 posted on the OSI website at: http://www.osi.state.nm.us/. In lieu of submitting the detailed financial statement, the licensee may provide a copy of the most recent federal tax return along with evidence that any funds due pursuant to the return were also submitted.