New
Mexico Register / Volume XXXI, Issue 18 / September 29, 2020
NOTICE OF PROPOSED RULEMAKING
AND OF RATE AND FORM HEARING
NOTICE IS HEREBY GIVEN that the Superintendent of Insurance
(“Superintendent”), pursuant to the New Mexico Insurance Code, Sections 59A-l -1 et
seq. NMSA 1978 (“Insurance Code”) proposes to repeal and replace parts 1 through 10 and parts 16 through 19 of
Chapter 14 of Title 13 NMAC, TITLE INSURANCE.
PURPOSE OF THE PROPOSED NEW RULES: to
modernize, streamline, update and supplement existing title rules; to harmonize
rules with title statutes and statutory definitions; and to establish efficient
practices for promulgating title rates and forms.
STATUTORY AUTHORITY: Sections 59A-2-8, 59A-2-9, 59A-30-4, 59A-30-6, 59A-30-6.1, 59A-30-6.2 and 59A-30-8 NMSA
1978.
Copies
of the Notice of Proposed Rulemaking and proposed replacement rules are
available by electronic download from the OSI website (https://www.osi.state.nm.us/index.php/idms/), the New Mexico
Sunshine portal.
OSI
will hold a public video/telephonic hearing on the proposed replacement rules
on November 2, 2020 at 10:00 a.m.
Join
via Video: https://us02web.zoom.us/j/2916274744
Join
via telephone: 1-346-248-7799 Meeting ID: 291 627 4744
The
Superintendent designates R. Alfred Walker to act as the hearing officer for
this rulemaking Oral
comments will be accepted at the video/telephonic hearing from members of the
public and any interested parties.
Written comments and proposals will be
accepted through 4:00 pm on the day of the public hearing, or the last day of
the public hearing if the public hearing extends for more than one day. Responses
to written comments or oral comments will be accepted through 4:00 pm on
November 13, 2020. Comments may be
submitted via email to OSI-docketfiling@state.nm.us or may be filed by sending
original copies to:
OSI
Records and Docketing, NM Office of Superintendent of Insurance
1120
Paseo de Peralta, P.O. Box 1689, Santa Fe, NM 87504-1689
Docket No.:
20-00047-RULE-PC
IN
THE MATTER OF ADOPTING REPLACEMENT RULES, CHAPTER 13 ARTIICLE 14 NMAC, TITLE
INSURANCE
Only signed statements, proposals or comments will be
accepted. Scanned or electronic
signatures conforming to federal and state court requirements will be accepted
with the understanding that if there is any dispute regarding a signature, OSI
reserves the right to require that original signatures be provided to verify
the electronic or facsimile signature.
All filings must be received between the hours of 8:00 a.m. and 4:00
p.m. Monday through Friday except on state holidays. Any filings received after 4:00 pm on a
weekday will be filed to the docket the next business day.
The Superintendent will
consider all oral comments, and will review all timely submitted written
comments and responses.
NOTICE IS ALSO GIVEN that, in conjunction with
promulgating replacement rules, the Superintendent, pursuant to Chapter 59A
Article 30 of the Insurance Code, will conduct a public hearing to adopt by
Order the rates and forms that are proposed to be removed from the replacement
rules. Any Order adopting rates and
forms will be contingent upon the Superintendent’s action in the
above-referenced rulemaking.
Documents
related to the rates and forms proceedings will be filed to:
Docket No.: 20-00048-RATE-PC
IN THE
MATTER OF ADOPTING RATES AND FORMS FOR TITLE INSURANCE
The
rate and form hearing will be conducted immediately following the rule hearing.
Join
via Video: https://us02web.zoom.us/j/2916274744
Join
via telephone: 1-346-248-7799 Meeting ID: 291 627 4744
SPECIAL NEEDS: Any person with a disability who is in need
of a reader, amplifier, qualified sign language interpreter, or other auxiliary
aid or service to attend or participate in a hearing should contact Melissa
Gutierrez at 505-476-0333 ten (10) business days prior to the hearing.
ISSUED
this 29th day of September, 2020
/S/RUSSELL
TOAL