N.M. Stat. § 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.