New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 2 - INSURANCE COMPANY LICENSING AND OPERATION
Part 4 - USE OF COMMERCIAL DEPOSITORIES FOR STATUTORY DEPOSITS
Section 13.2.4.16 - FEES CHARGED BY DEPOSITORY
Universal Citation: 13 NM Admin Code 13.2.4.16
Current through Register Vol. 35, No. 6, March 26, 2024
Total compensation and reimbursement to be received by depository for its services as described in this rule shall be an annual fee not greater than two-tenths of one percent (0.2)$) of the face amount of securities held by depository, plus New Mexico gross receipts tax as agreed upon by the superintendent and the state treasurer, or such lesser amount as may be agreed between depository and an individual insurer.
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