New Mexico Register / Volume XXIX, Issue 24 / December 27, 2018

This is an amendment to 13.14.9 NMAC, Section 18, effective December 27, 2018, previously issued as an emergency amendment 7/1/2018.

13.14.9.18 PREMIUM RATES FOR ORIGINAL OWNER’S POLICIES: The following schedule of premium rates for original owner’s policies shall be in effect from the effective date of this rate rule until modified by the superintendent:

Liability	Total	Liability	Total	Liability	Total
Charge	Charge:	Charge	Charge:	Charge	Charge:
Up to:		Up to:		Up to:
10,000	176	24,000	290	38,000	388
11,000	184	25,000	296	39,000	395
12,000	193	26,000	304	40,000	402
13,000	201	27,000	311	41,000	407
14,000	210	28,000	320	42,000	414
15,000	218	29,000	327	43,000	421
16,000	227	30,000	334	44,000	428
17,000	235	31,000	342	45,000	434
18,000	244	32,000	348	46,000	440
19,000	252	33,000	356	47,000	447
20,000	260	34,000	361	48,000	454
21,000	265	35,000	368	49,000	460
22,000	273	36,000	376	50,000	468
23,000	281	37,000	381

For amounts of insurance (in thousands)	Portion of rate (per thousand) subject to agent commission, add	Agent retention percentage	Additional rate per $1000 to be collected on policy amounts in excess of $10 million (solely for underwriter)	Total Charged to Consumer
over $50 to $100	$5.68	80%		$5.68
over $100 to $500	$4.47	80%		$4.47
over $500 to $2,000	$3.50	80%		$3.50
over $2,000 to $5,000	$2.82	75%		$2.82
over $5,000 to $10,000	$2.34	70%		$2.34
over $10,000 to $25,000	$2.01	65%	$0.25	$2.26
over $25,000 to $50,000	$1.76	60%	$0.25	$2.01
over $50,000	$1.40	50%	$0.25	$1.65

[6/16/1986...4/3/1995; A, 5/1/1999; 13.14.9.18 NMAC - Rn, 13 NMAC 14.9.8.11 & A, 5/15/2000; A, 5/31/2000; A, 8/1/2000; A, 3/1/2002; A, 7/1/2003; A, 7/1/2004; A, 7/1/2005; A, 7/1/2006; A, 9/1/2007; A, 7/1/2008; A, 8/1/2009; A, 10/1/2012; A, 8/15/2014; A/E, 7/1/2018; A, 12/27/2018]