There is created a "title insurance maintenance assessment fund" in the state treasury. All receipts of the department of insurance collected under Section 59A-30-12 NMSA 1978 shall be deposited in the title insurance maintenance assessment fund and are appropriated to the superintendent for use in paying the expenses of the insurance department incurred in administering the New Mexico Title Insurance Law, including compensation and expenses of salaried personnel and consultants employed by the superintendent in administering the New Mexico Title Insurance Law.
History: 1978 Comp., § 59A-30-13, enacted by Laws 1985, ch. 28, § 13.
Structure New Mexico Statutes
Section 59A-30-1 - Short title.
Section 59A-30-2 - Purpose and legislative intent of article.
Section 59A-30-3 - Definitions.
Section 59A-30-4 - Control and supervision by superintendent.
Section 59A-30-4.1 - Reporting by superintendent.
Section 59A-30-5 - Policy forms.
Section 59A-30-5.1 - Available funds required to issue policy.
Section 59A-30-6 - Premiums; agency agreements; duty to promulgate reasonable rates; exception.
Section 59A-30-6.1 - Premiums; refinanced property.
Section 59A-30-6.2 - Premiums; Indian nation, tribe or pueblo trust property.
Section 59A-30-7 - Reporting of experience.
Section 59A-30-8 - Hearings; notice.
Section 59A-30-9 - Review; appeals.
Section 59A-30-10 - Reserve for losses and loss expenses.
Section 59A-30-11 - Underwriting standards and record retention.
Section 59A-30-12 - Maintenance assessment.
Section 59A-30-13 - Title insurance maintenance assessment fund created; appropriation.