New Mexico Statutes

§ 59A-51-13.1 — Premium rates

New Mexico § 59A-51-13.1
JurisdictionNew Mexico
Ch. 59AInsurance Code
Art. 51Bail Bondsmen Licensing

This text of New Mexico § 59A-51-13.1 (Premium rates) 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-51-13.1 (2026).

Text

The superintendent shall conduct public hearings for the purpose of promulgating the premium rates, schedule of charges and rating plan to be charged and used by bail bondsmen. No premium rate that has not been promulgated or otherwise approved by the superintendent shall be charged for any bail bond. Premium rates promulgated by the superintendent shall not be excessive, inadequate or unfairly discriminatory.

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Legislative History

Laws 2014, ch. 21, § 9.

Nearby Sections

15
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Bluebook (online)
New Mexico § 59A-51-13.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/59A/59A-51-13.1.