New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 8 - INSURANCE POLICIES AND RATES
Part 2 - RATE FILINGS BY INSURERS AND RATE SERVICE ORGANIZATIONS
Section 13.8.2.15 - PERMISSIBLE BASES FOR COMPANY FILINGS
Current through Register Vol. 35, No. 18, September 24, 2024
Company filings shall meet all statutory rate standards and take into consideration all applicable rate factors. Subject to the foregoing sentence, an insurer may base a company rate filing on:
A. the insurer's own experience in the particular line of business, including but not limited to premiums, investment income, loss experience and actual expenses;
B. average pure premium rates and supporting data, such as loss experience, developed and trended as appropriate, from an advisory organization advisory filing, together with the insurer's own experience in the particular line of business, including but not limited to premiums, investment income and actual expenses, as provided in 13.8.2.20 NMAC;
C. other company ratemaking methods, for limited markets, as provided in 13.8.2.16 NMAC; or
D. any other method meeting statutory standards which has been submitted to and approved by the superintendent prior to the rate filing.
