N.M. Admin. Code § 13.12.4.19

Current through Register Vol. 35, No. 17, September 10, 2024

Section 13.12.4.19 - EXAMINATIONS AND REVIEWS

A. The superintendent may direct at any time that an applicant or a self-insured be reviewed or evaluated by a qualified person approved by the superintendent. As part of such review or evaluation, the superintendent reserves the right at any time to direct such qualified person:

(1) to audit or review the applicant's or self-insured's records regarding any representation made on its financial statement;

(2) to audit or review or take the testimony under oath of the applicant or self-insured, or any of its agents or employees, regarding any matter within their knowledge and pertaining to the obligations of the applicant or self-ins ured under this rule; and

(3) to review the application form and all supporting documents submitted by an applicant or self-insured.

B. By signing and submitting an application for self-insurance, or by accepting a certificate of self-insurance, the applicant or self-insured agrees to bear the costs of any review or evaluation conducted pursuant to this section.

N.M. Admin. Code § 13.12.4.19

4/1/99; Recompiled 11/30/01