New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 12 - MOTOR VEHICLE INSURANCE
Part 4 - AUTOMOBILE SELF-INSURANCE
Section 13.12.4.19 - EXAMINATIONS AND REVIEWS
Universal Citation: 13 NM Admin Code 13.12.4.19
Current through Register Vol. 35, No. 18, September 24, 2024
A. The superintendent may direct at any time that an applicant or a self-insured be reviewed or evaluated by a qualified person approved by the superintendent. As part of such review or evaluation, the superintendent reserves the right at any time to direct such qualified person:
(1) to
audit or review the applicant's or self-insured's records regarding any
representation made on its financial statement;
(2) to audit or review or take the testimony
under oath of the applicant or self-insured, or any of its agents or employees,
regarding any matter within their knowledge and pertaining to the obligations
of the applicant or self-ins ured under this rule; and
(3) to review the application form and all
supporting documents submitted by an applicant or self-insured.
B. By signing and submitting an application for self-insurance, or by accepting a certificate of self-insurance, the applicant or self-insured agrees to bear the costs of any review or evaluation conducted pursuant to this section.
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