New Mexico § 59A-17-12 Insurer must adhere to rates; consent to rate

New Mexico Statutes

§ 59A-17-12 — Insurer must adhere to rates; consent to rate

New Mexico § 59A-17-12

Ch. 59AInsurance Code

Art. 17Insurance Rates and Rating

This text of New Mexico § 59A-17-12 (Insurer must adhere to rates; consent to rate) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 59A-17-12 (2026).

Text

A.No insurer shall make or issue a contract or policy of insurance except in accordance with filings or rates that are lawfully in effect for the insurer as provided in the Insurance Rate Regulation Law.

B.Upon written application of the insured stating the underlying reasons that is filed with and approved by the superintendent, a rate in excess of or below that otherwise applicable may be used as to a specific risk.

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A. No insurer shall make or issue a contract or policy of insurance except in accordance with filings or rates that are lawfully in effect for the insurer as provided in the Insurance Rate Regulation Law. B. Upon written application of the insured stating the underlying reasons that is filed with and approved by the superintendent, a rate in excess of or below that otherwise applicable may be used as to a specific risk.