TITLE 13†††††††††††††† INSURANCE

CHAPTER 14†††††† TITLE INSURANCE

PART 16†††††††††††††† AGENTíS STATISTICAL REPORT

 

13.14.16.1†††††††††††† ISSUING AGENCY:Public Regulation Commission, Insurance Division, Title Insurance Bureau.

[13.14.16.1 NMAC - Rp, 13.14.16.1 NMAC, 7-1-06]

 

13.14.16.2†††††††††††† SCOPE:This rule applies to all title insurers and title insurance agents conducting title insurance business in New Mexico.

[13.14.16.2 NMAC - Rp, 13.14.16.2 NMAC, 7-1-06]

 

13.14.16.3†††††††††††† STATUTORY AUTHORITY:NMSA 1978 Sections 59A-30-4, 59A-30-7, and 59A-30-12.

[13.14.16.3 NMAC - Rp, 13.14.16.3 NMAC, 7-1-06]

 

13.14.16.4†††††††††††† DURATION:Permanent.

[13.14.16.4 NMAC - Rp, 13.14.16.4 NMAC, 7-1-06]

 

13.14.16.5†††††††††††† EFFECTIVE DATE:July 1, 2006, unless a later date is cited at the end of a section.

[13.14.16.5 NMAC - Rp, 13.14.16.5 NMAC, 7-1-06]

 

13.14.16.6†††††††††††† OBJECTIVE:The purpose of this rule is to provide forms for preparing the required agent's statistical report.

[13.14.16.6 NMAC - Rp, 13.14.16.6 NMAC, 7-1-06]

 

13.14.16.7†††††††††††† DEFINITIONS:See 13.14.1 NMAC.

[13.14.16.7 NMAC - Rp, 13.14.16.7 NMAC, 7-1-06]

 

13.14.16.8†††††††††††† ANNUAL STATISTICAL REPORT REQUIRED:All agencies, whether independent, affiliated, or direct operations, must complete all parts of this statistical report in accordance with the instructions issued annually by the title insurance bureau for the next yearís reporting (e.g., instructions issued in 2005 shall be used for reporting 2006 calendar year data; the report of 2006 data shall be filed in 2007).

[13.14.16.8 NMAC - Rp, 13.14.16.8 NMAC, 7-1-06]

 

13.14.16.9†††††††††††† SCHEDULE A - STATEMENT OF INCOME AND EXPENSES:

 

 

NEW MEXICO TITLE INSURANCE AGENTíS STATISTICAL REPORT

SCHEDULE A - STATEMENT OF INCOME AND EXPENSES

For the Calendar Year Ending December 31, 20___.

 

AGENCY NAME

 

FEDERAL I.D. NUMBER

 

ADDRESS

 

CONTACT NAME

 

Check one:

 

INDEPENDENT (NON-AFFILIATED)

Title insurance agencies that are independently owned and write title insurance business for one or more title insurance underwriters.

 

AFFILIATED

Title insurance agencies with 10% or greater ownership by a title insurance underwriter, including wholly-owned agencies.

 

DIRECT

Agency-type operations performed by the home or branch office of a title insurance underwriter.This does NOT include wholly-owned agencies.

Part A: Revenue

1.

Title insurance written premiums(from Schedule B)

0

2.

Less: Remitted title insurance premiums(from Schedule B)

0

3.

Retained title insurance premiums(from Schedule B)

0

4.

Other income(from Schedule C)

0

5.

Total Revenue

0

Part B: Expenses

1.

Employeesí salaries and wages

 

2.

Ownersí and partnersí salaries and wages

 

3.

Employee benefits

 

4.

Rent

 

5.

Insurance

 

6.

Legal expense

 

7.

Licenses, taxes and fees

 

8.

Title plant expense and maintenance

 

9.

Office supplies

 

10.

Depreciation

 

11.

Automobile expense

 

12.

Communication expense

 

13.

Education expense

 

14.

Bad debts

 

15.

Interest expense

 

16.

Employee travel and lodging

 

17.

Loss and loss adjustment expense (from Schedule D)

0

18.

Accounting and auditing expense

 

19.

Public relations expense

 

20.

Other expenses (from Schedule E)

0

21.

Total Expenses

0

Part C: Net Income for Ratemaking Purposes

1.

Income (Loss) from Operations

0

Part D: Excluded Expenses

1.

NMLTA lobbying expense

 

2.

Direct lobbying expense

 

3.

Political contributions

 

4.

State and federal income tax expense

 

5.

Ĺ of meals and entertainment expense

 

6.

Penalties

 

7.

Country club dues

 

8.

Salaries in excess of salary cap

 

9.

Other excluded expenses(from Schedule E)

0

10.

Total Excluded Expenses

0

Part E: Net Income

1.

Net income as reported on the books of the agency

0

Part F: Equity

 

1.

Total equity as reported on balance sheet of the agency

 

 

 

 

 

 

 

[13.14.16.9 NMAC - Rp, 13.14.16.9 NMAC, 7-1-06; A, 09-15-10]

 

13.14.16.10††††††††† SCHEDULE B - PREMIUMS BY UNDERWRITER:

 

 

NEW MEXICO TITLE INSURANCE AGENTíS STATISTICAL REPORT

SCHEDULE B - PREMIUMS BY UNDERWRITER

For the Calendar Year Ending December 31, 20___.

 

Name of each underwriting company for which this agency charged premiums

Title premiums written by this agency

Title premiums remitted or owed by this agency to underwriters

Title premiums retained by this agency

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

(Carry total forward to Schedule A, line A-1)

(Carry total forward to Schedule A, line A-2)

(Carry total forward to Schedule A, line A-3)

 

Percentage of premiums remitted:†††††††††† 0.0%

 

[13.14.16.10 NMAC - Rp, 13.14.16.10 NMAC, 7-1-06; A, 09-15-10]

 

13.14.16.11††††††††† SCHEDULE C - IDENTIFICATION OF OTHER INCOME

 

 

NEW MEXICO TITLE INSURANCE AGENTíS STATISTICAL REPORT

SCHEDULE C - IDENTIFICATION OF OTHER INCOME

For the Calendar Year Ending December 31, 20___.

 

Description of Income Item

A.

Closing fees

 

B.

Abstracting and title report income

 

C.

Recording fees

 

D.

Copy fees

 

E.

Inspection fees

 

F.

Interest income

 

Itemization of All Other Income

G.

 

 

H.

 

 

I.

 

 

J.

 

 

K.

 

 

L.

 

 

M.

 

 

N.

 

 

O.

 

 

P.

 

 

Q.

 

 

R.

 

 

S.

 

 

Total Other Income(Carry forward to Schedule A, line A-4)

0

[13.14.16.11 NMAC - Rp, 13.14.16.11 NMAC, 7-1-06]

 

13.14.16.12††††††††† SCHEDULE D - LOSSES AND LOSS ADJUSTMENT EXPENSES:

 

 

NEW MEXICO TITLE INSURANCE AGENTíS STATISTICAL REPORT

SCHEDULE D - LOSSES AND LOSS ADJUSTMENT EXPENSES

For the Calendar Year Ending December 31, 20___.

 

Description of Expense Item

1.

Closing Losses

 

2.

Agent Errors

 

3.

Unfair Trade Practices

 

4.

Loss Adjustment Expenses

 

5.

E&O or Fidelity Insurance

 

Total (Carry forward to Schedule A, line B-17)

 

[13.14.16.12 NMAC - Rp, 13.14.16.12 NMAC, 7-1-06]

 

13.14.16.13††††††††† SCHEDULE E - IDENTIFICATION OF OTHER EXPENSES:

 

 

NEW MEXICO TITLE INSURANCE AGENTíS STATISTICAL REPORT

SCHEDULE E - IDENTIFICATION OF OTHER EXPENSES

For the Calendar Year Ending December 31, 20___.

 

Part A - Deductible Expenses

1.

 

 

2.

 

 

3.

 

 

4.

 

 

5.

 

 

6.

 

 

7.

 

 

8.

 

 

9.

 

 

10.

 

 

11.

 

 

12.

 

 

13.

 

 

14.

 

 

15.

 

 

16.

 

 

17.

 

 

18.

 

 

19.

 

 

20.

 

 

Total (Carry forward to Schedule A, line B-20)

0

Part B - Excluded Expenses

1.

 

 

2.

 

 

3.

 

 

4.

 

 

5.

 

 

6.

 

 

7.

 

 

8.

 

 

9.

 

 

10.

 

 

11.

 

 

12.

 

 

13.

 

 

14.

 

 

15.

 

 

16.

 

 

17.

 

 

18.

 

 

19.

 

 

20.

 

 

Total (Carry forward to Schedule A, line D-9)

0

[13.14.16.13 NMAC - Rp, 13.14.16.13 NMAC, 7-1-06; A-09-15-10]

 

13.14.16.14††††††††† [RESERVED]

[13.14.16.14 NMAC - Rp, 13.14.16.14 NMAC, 7-1-06; Repealed, 09-15-10]

 

13.14.16.15††††††††† SCHEDULE F - INCOME OR EXPENSE ALLOCATION FROM OTHER AFFILIATED ENTITIES:

 

 

NEW MEXICO TITLE INSURANCE AGENTíS STATISTICAL REPORT

SCHEDULE F - INCOME OR EXPENSE ALLOCATION FROM OTHER AFFILIATED ENTITIES

For the Calendar Year Ending December 31, 20___.

 

1

2

3

4

5

Name and Address of Affiliated Agency

Relation to

Your Agency

Amount

Description Code

Reported Elsewhere in this Report?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

0

 

 

 

Description

Code

Income

I

Expense Allocation

E

[13.14.16.15 NMAC - Rp, 13.14.16.14 NMAC, 7-1-06; A, 09-15-10]

 

13.14.16.16††††††††† SCHEDULE G - PREMIUMS BY COUNTY:

 

 

NEW MEXICO TITLE INSURANCE AGENTíS STATISTICAL REPORT

SCHEDULE G - PREMIUMS BY COUNTY

For the Calendar Year Ending December 31, 20___.

 

COUNTY

TITLE PREMIUMS WRITTEN

 

Bernalillo

 

 

Catron

 

 

Chaves

 

 

Cibola

 

 

Colfax

 

 

Curry

 

 

De Baca

 

 

Eddy

 

 

Grant

 

 

Guadalupe

 

 

Harding

 

 

Hidalgo

 

 

Lea

 

 

Lincoln

 

 

Los Alamos

 

 

Luna

 

 

McKinley

 

 

Mora

 

 

Otero

 

 

Quay

 

 

Rio Arriba

 

 

Roosevelt

 

 

San Juan

 

 

San Miguel

 

 

Sandoval

 

 

Santa Fe

 

 

Sierra

 

 

Socorro

 

 

Taos

 

 

Torrance

 

 

Union

 

 

Valencia

 

 

TOTAL

 

 

 

Crosscheck with Schedule B

0

Difference

0

 

Explanation for Difference (if any)

 

 

 

[13.14.16.16 NMAC - Rp, 13.14.16.15 NMAC, 7-1-06; A, 09-15-10]

 

13.14.16.17††††††††† SCHEDULE H - IDENTIFICATION OF OWNERS:

 

 

NEW MEXICO TITLE INSURANCE AGENTíS STATISTICAL REPORT

SCHEDULE H - IDENTIFICATION OF OWNERS

For the Calendar Year Ending December 31, 20___.

 

1

2

3

 

Name of Each Individual or Entity

Percentage of Agency Owned

Description Code (see below)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL

 

 

 

Description

Code

Attorney

A

Real Estate Agent

REA

Real Estate Developer

RED

Lending institution

L

Underwriter

UW

None of the above

NA

[13.14.16.17 NMAC - Rp, 13.14.16.16 NMAC, 7-1-06; A, 09-15-10]

 

HISTORY OF 13.14.16 NMAC:

Pre-NMAC History.

ID 74-1, Article 10, Chapter 58, Rule 2, Regulations for Filing Title Insurance Forms and Rates, filed 3-7-74.

SCC-85-6, Insurance Department Regulation 30 - Title Insurance, filed 9-6-85.

SCC-86-1, Insurance Department Regulation 30 - Title Insurance, filed 5-9-86.

 

History of Repealed Material.

13.14.16 NMAC, Agent's Experience Report (filed 4-28-00) repealed 7-1-05.

13.14.16 NMAC, Agent's Experience Report (filed 6-01-05) repealed 7-1-06.

 

Other History.

That applicable portion of SCC-86-1, Insurance Department Regulation 30 - Title Insurance (filed 5-9-86) was replaced by 13 NMAC 14.3 Subpart C, Agent's Experience Report, effective 11-01-1996.

13 NMAC 14.3 Subpart C, Agent's Experience Report (filed 10-2-96) was renumbered and replaced by 13.14.16 NMAC, Agent's Experience Report, effective 5-15-2000.

13.14.16 NMAC, Agent's Experience Report (filed 4-28-00); replaced by 13.14.16 NMAC, Agentís Statistical Report, effective 7-1-2005.

13.14.16 NMAC, Agent's Experience Report (filed 6-01-05); replaced by 13.14.16 NMAC, Agentís Statistical Report, effective 7-1-2006.