N.M. Code R. § 13.20.2.22

Current through Register Vol. 35, No. 11, June 11, 2024

Section 13.20.2.22 - PROPERTY BONDSMAN'S SCHEDULE OF CHARGES AND RATING PLAN

Every property bondsman shall maintain records to confirm compliance with the superintendent's published premium rates, schedule of charges and rating plan. The superintendent may, if he deems it necessary to evaluate compliance require the property bondman to submit audited financial statements under oath.

A. The published premium rates, schedule of charges and rating plan shall be available on the OSI website and will be updated periodically, pursuant to a public hearing, as deemed necessary by the superintendent.

B. The published premium rates, schedule of charges and rating plan shall be:

(1) posted in a conspicuous place in the bail bondsman's place of business;

(2) available for public inspection in the offices of the superintendent; and

(3) provided to any court upon request.

N.M. Code R. § 13.20.2.22

1/1/00; Recompiled 11/30/01, Adopted by New Mexico Register, Volume XXVIII, Issue 13, July 11, 2017, eff. 7/11/2017