New Mexico Register / Volume XXIX, Issue 12 / June 26, 2018

This is an emergency amendment to 13.14.9 NMAC, Section 18, effective July 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	[195] 176	24,000	[320] 290	38,000	[429] 388
11,000	[203] 184	25,000	[327] 296	39,000	[436] 395
12,000	[213] 193	26,000	[336] 304	40,000	[444] 402
13,000	[222] 201	27,000	[344] 311	41,000	[450] 407
14,000	[232] 210	28,000	[354] 320	42,000	[457] 414
15,000	[241] 218	29,000	[361] 327	43,000	[465] 421
16,000	[251] 227	30,000	[369] 334	44,000	[473] 428
17,000	[260] 235	31,000	[378] 342	45,000	[480] 434
18,000	[270] 244	32,000	[384] 348	46,000	[486] 440
19,000	[278] 252	33,000	[393] 356	47,000	[494] 447
20,000	[287] 260	34,000	[399] 361	48,000	[502] 454
21,000	[293] 265	35,000	[407] 368	49,000	[508] 460
22,000	[302] 273	36,000	[415] 376	50,000	[517] 468
23,000	[311] 281	37,000	[421] 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	$[6.28] 5.68	80%		$[6.28] 5.68
over $100 to $500	$[4.94] 4.47	80%		$[4.94] 4.47
over $500 to $2,000	$[3.87] 3.50	80%		$[3.87] 3.50
over $2,000 to $5,000	$[3.12] 2.82	75%		$[3.12] 2.82
over $5,000 to $10,000	$[2.59] 2.34	70%		$[2.59] 2.34
over $10,000 to $25,000	$[2.22] 2.01	65%	$0.25	$[2.47] 2.26
over $25,000 to $50,000	$[1.94] 1.76	60%	$0.25	$[2.19] 2.01
over $50,000	$[1.55] 1.40	50%	$0.25	$[1.80] 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]