New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 8 - INSURANCE POLICIES AND RATES
Part 5 - RATE MODIFICATION PLANS
Section 13.8.5.6 - OBJECTIVE
Universal Citation: 13 NM Admin Code 13.8.5.6
Current through Register Vol. 35, No. 18, September 24, 2024
The purpose of this rule is to establish criteria for the modification of manual rates through the application of insurer rate modification plans and experience rating plans and the reporting of pertinent information concerning the utilization of such plans in order to determine whether rates developed thereunder meet the standards of the rating law. Such information may also be utilized to assist in monitoring competition in accordance with Section 59A-17-3(A)(2) NMSA 1978.
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