The superintendent shall compile a report for the legislature no later than October 1 each year beginning in 2013 detailing title insurance statistics, including a report on the status of price competition within the title insurance industry in New Mexico. Annual reports shall be made available to interested parties and the general public.
History: Laws 2009, ch. 80, § 13; 2013, ch. 74, § 30.
The 2013 amendment, effective March 29, 2013, required the superintendent of insurance to compile a report for the legislature on title insurance statistics; in the first sentence, after "compile a report for", deleted "the commission and"; and after "beginning in", deleted "2010" and added "2013".
Severability. — Laws 2009, ch. 80, § 15, effective July 1, 2009, provided that if any part or application of this act is held invalid, the remainder or its application to other situations or persons shall not be affected.
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.