New Mexico § 59A-17-17 Use of advisory organization filings

New Mexico Statutes

§ 59A-17-17 — Use of advisory organization filings

New Mexico § 59A-17-17

Ch. 59AInsurance Code

Art. 17Insurance Rates and Rating

This text of New Mexico § 59A-17-17 (Use of advisory organization filings) 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-17-17 (2026).

Text

A.An insurer may itself establish rates and supplementary rate information for a market segment based on the factors set forth in Section 59A-17-7 NMSA 1978 or it may in its rate filing incorporate by reference loss costs and other supplementary rate information prepared by an advisory organization, with modification for its own loss experience as the credibility of that experience allows.

B.Nothing in the Insurance Rate Regulation Law shall be construed as requiring an insurer to become a member of or subscriber to any advisory organization.

C.The superintendent may adopt rules establishing standards and administrative procedures to carry out the provisions of this section.

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A. An insurer may itself establish rates and supplementary rate information for a market segment based on the factors set forth in Section 59A-17-7 NMSA 1978 or it may in its rate filing incorporate by reference loss costs and other supplementary rate information prepared by an advisory organization, with modification for its own loss experience as the credibility of that experience allows. B. Nothing in the Insurance Rate Regulation Law shall be construed as requiring an insurer to become a member of or subscriber to any advisory organization. C. The superintendent may adopt rules establishing standards and administrative procedures to carry out the provisions of this section.