A. Except as provided in Subsection B of this section, every society authorized to transact business in New Mexico shall pay to the superintendent the following fees:
(1) for annual certificate of authority continuation $100.00;
(2) for filing annual statement 100.00;
(3) for each license of agent or annual continuation thereof 30.00;
(4) for annual continuation of appointment 20.00;
and
(5) for each signature of the superintendent affixed to any instrument 10.00.
B. Every society which:
(1) issues certificates providing benefits strictly in accordance with the provisions of Chapter 59A, Article 44 NMSA 1978;
(2) limits its membership to members of one religious faith or to persons engaged in one or more hazardous occupations in the same or similar lines of business;
(3) does not employ paid solicitors or salesmen either on salary, commission or fee basis for procuring new insurance or members; and
(4) does not solicit insurance applications from the general public, but limits such solicitation to members in good standing in such society; shall be exempt from the fees specified in Subsection A of this section and in lieu thereof shall pay to the superintendent fees as follows:
(a) for annual license to transact business $50.00;
(b) for filing annual statement 50.00;
and
(c) for each seal and signature of the superintendent affixed to any instrument 10.00.
C. Failure to pay any fees imposed under Chapter 59A, Article 44 NMSA 1978 shall render the society liable to this state for the amount thereof and to the applicable penalties provided by Section 59A-6-4 NMSA 1978 as though such a society were an insurer.
History: 1978 Comp., § 59A-44-36, enacted by Laws 1989, ch. 388, § 36; 1993, ch. 320, § 102.
ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 36, repealed 59A-44-36 NMSA 1978, as enacted by Laws 1984, ch. 127, § 821, relating to examination of foreign and alien societies, and enacted a new section, effective January 1, 1990.
The 1993 amendment, effective June 18, 1993, in Subsection A, revised the fee schedule; inserted present Paragraph (4) and redesignated former Paragraph (4) as Paragraph (5); revised the fee schedule in Subsection B(4); and substituted "Section 59A-6-4 NMSA 1978" for "Section 59A-6-42" in Subsection C.