N.M. Admin. Code § 13.8.5.11

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

Section 13.8.5.11 - REPORTING PERTINENT INFORMATION

A. At the request of the superintendent, an insurer authorized to write any insurance in this state to which this rule applies shall submit data to the superintendent establishing the relationship of aggregated premiums actually charged to policyholders by the insurer for each line of commercial insurance to the aggregate premium that would have been produced by the insurers' filed unmodified rates for that line of commercial insurance. A rate service organization may file the data on behalf of the insurer.

B. The rate modification plan filed by the national council of compensation insurance shall be for workers' compensation insurance. The national council of compensation insurance shall perform an independent audit of insurer records to verify accurate recording at the policy level and tabulation of total debits and credits. The national council of compensation insurance shall annually submit data to the superintendent establishing the relationship of aggregated premiums actually charged to policyholders by insurers for workers' compensation insurance to the aggregate premium that would have been produced by the insurers' filed unmodified rates.

2/1/95; Recompiled 11/30/01