New
Mexico Register / Volume XXXVI, Issue 13 / July 15, 2025
This is an amendment to 13.14.9 NMAC Sections
1 and 13, effective July 15, 2025.
13.14.9.1 ISSUING AGENCY:
Office of Superintendent of Insurance [("OSI")] (OSI).
[13.14.9.1 NMAC – Rp,
13.14.9.1 NMAC, 1/1/2021; A, 07/15/2025]
13.14.9.13 ROUNDING TO
THE NEAREST DOLLAR: [All
premiums charged for title insurance policies, endorsements, or commitments
shall be rounded to the nearest dollar after all necessary computations have
been performed. Fifty cents or more shall be rounded up; 49 cents or less shall
be rounded down.]
A. All
premiums charged for title insurance policies, endorsements, or commitments
shall be rounded to the nearest dollar after all necessary computations have
been performed. Fifty cents or more
shall be rounded up and 49 cents or less shall be rounded down.
B. All
premium splits between agents and underwriters for title insurance policies,
endorsements, or commitments shall be rounded to the nearest dollar after all
necessary computations have been performed.
Fifty cents or more shall be rounded up and 49 cents or less shall be
rounded down.
[13.14.9.13 NMAC – Rp, 13.14.9.13 NMAC, 1/1/2021; A, 07/15/2025]