TITLE 13 INSURANCE
CHAPTER 14 TITLE INSURANCE
PART 16 AGENT’S
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
year’s 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:
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NEW MEXICO TITLE INSURANCE AGENT’S STATISTICAL REPORT SCHEDULE A - STATEMENT OF INCOME AND EXPENSES For the Calendar Year Ending December 31, 20___. |
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AGENCY NAME |
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FEDERAL I.D. NUMBER |
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ADDRESS |
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CONTACT NAME |
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Check one: |
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INDEPENDENT (NON-AFFILIATED) |
Title insurance agencies that are independently owned and write title insurance business for one or more title insurance underwriters. |
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AFFILIATED |
Title insurance agencies with 10% or greater ownership by a title insurance underwriter, including wholly-owned agencies. |
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DIRECT |
Agency-type operations performed by the home or branch office of a title insurance underwriter. This does NOT include wholly-owned agencies. |
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Part A: Revenue |
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1. |
Title insurance written premiums (from Schedule B) |
0 |
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2. |
Less: Remitted title insurance premiums (from Schedule B) |
0 |
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3. |
Retained title insurance premiums (from Schedule B) |
0 |
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4. |
Other income (from
Schedule C) |
0 |
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5. |
Total Revenue |
0 |
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Part B: Expenses |
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1. |
Employees’ salaries and wages |
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2. |
Owners’ and partners’ salaries and wages |
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3. |
Employee benefits |
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4. |
Rent |
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5. |
Insurance |
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6. |
Legal expense |
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7. |
Licenses, taxes and fees |
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8. |
Title plant expense and maintenance |
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9. |
Office supplies |
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10. |
Depreciation |
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11. |
Automobile expense |
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12. |
Communication expense |
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13. |
Education expense |
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14. |
Bad debts |
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15. |
Interest expense |
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16. |
Employee travel and lodging |
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17. |
Loss and loss adjustment expense (from Schedule D) |
0 |
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18. |
Accounting and auditing expense |
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19. |
Public relations expense |
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20. |
Other expenses (from Schedule E) |
0 |
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21. |
Total Expenses |
0 |
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Part C: Net Income
for Ratemaking Purposes |
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1. |
Income (Loss) from Operations |
0 |
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Part D: Excluded
Expenses |
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1. |
NMLTA lobbying expense |
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2. |
Direct lobbying expense |
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3. |
Political contributions |
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4. |
State and federal income tax expense |
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5. |
½ of meals and entertainment expense |
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6. |
Penalties |
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7. |
Country club dues |
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8. |
Salaries in excess of salary cap |
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9. |
Other excluded expenses
(from Schedule E) |
0 |
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10. |
Total Excluded
Expenses |
0 |
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Part E: Net Income |
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1. |
Net income as reported on the books of the agency |
0 |
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Part F: Equity |
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1. |
Total equity as reported on balance sheet of the agency |
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[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:
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NEW MEXICO TITLE INSURANCE AGENT’S STATISTICAL REPORT SCHEDULE B - PREMIUMS BY UNDERWRITER For the Calendar Year Ending December 31, 20___. |
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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 |
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Total |
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(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) |
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Percentage of premiums remitted: 0.0% |
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[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
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NEW
MEXICO TITLE INSURANCE AGENT’S STATISTICAL REPORT SCHEDULE
C - IDENTIFICATION OF OTHER INCOME For the Calendar
Year Ending December 31, 20___. |
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Description of Income Item |
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A. |
Closing fees |
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B. |
Abstracting and title report income |
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C. |
Recording fees |
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D. |
Copy fees |
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E. |
Inspection fees |
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F. |
Interest income |
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Itemization of All Other Income |
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G. |
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H. |
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I. |
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J. |
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K. |
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L. |
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M. |
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N. |
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O. |
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P. |
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Q. |
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R. |
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S. |
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Total Other
Income (Carry forward to Schedule A,
line A-4) |
0 |
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[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:
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NEW
MEXICO TITLE INSURANCE AGENT’S STATISTICAL REPORT SCHEDULE
D - LOSSES AND LOSS ADJUSTMENT EXPENSES For the Calendar
Year Ending December 31, 20___. |
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Description of Expense Item |
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1. |
Closing Losses |
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2. |
Agent Errors |
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3. |
Unfair Trade Practices |
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4. |
Loss Adjustment Expenses |
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5. |
E&O or Fidelity
Insurance |
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Total (Carry
forward to Schedule A, line B-17) |
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[13.14.16.12 NMAC - Rp, 13.14.16.12 NMAC,
7-1-06]
13.14.16.13 SCHEDULE E - IDENTIFICATION OF OTHER EXPENSES:
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NEW MEXICO TITLE INSURANCE AGENT’S STATISTICAL REPORT SCHEDULE E - IDENTIFICATION OF OTHER EXPENSES For the Calendar Year Ending December 31, 20___. |
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Part A - Deductible
Expenses |
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1. |
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2. |
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3. |
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4. |
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5. |
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6. |
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7. |
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8. |
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9. |
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10. |
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11. |
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12. |
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13. |
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14. |
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15. |
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16. |
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17. |
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18. |
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19. |
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20. |
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Total (Carry forward to Schedule A,
line B-20) |
0 |
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Part B - Excluded
Expenses |
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1. |
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2. |
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3. |
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4. |
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5. |
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6. |
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7. |
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8. |
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9. |
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10. |
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11. |
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12. |
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13. |
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14. |
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15. |
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16. |
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17. |
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18. |
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19. |
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20. |
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Total (Carry forward to Schedule A,
line D-9) |
0 |
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[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:
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NEW MEXICO TITLE INSURANCE AGENT’S STATISTICAL REPORT SCHEDULE F - INCOME OR EXPENSE ALLOCATION FROM OTHER AFFILIATED ENTITIES For the Calendar Year Ending December 31, 20___. |
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1 |
2 |
3 |
4 |
5 |
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Name and Address of Affiliated Agency |
Relation to Your Agency |
Amount |
Description Code |
Reported Elsewhere in this Report? |
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Total |
0 |
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Description |
Code |
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Income |
I |
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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:
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NEW MEXICO TITLE INSURANCE AGENT’S STATISTICAL REPORT SCHEDULE G - PREMIUMS BY COUNTY For the Calendar Year Ending December 31, 20___. |
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COUNTY |
TITLE PREMIUMS WRITTEN |
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Bernalillo |
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Catron |
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Chaves |
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Cibola |
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Colfax |
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Curry |
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De Baca |
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Eddy |
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Grant |
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Guadalupe |
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Harding |
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Hidalgo |
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Lea |
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Lincoln |
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Los Alamos |
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Luna |
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McKinley |
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Mora |
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Otero |
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Quay |
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Rio Arriba |
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Roosevelt |
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San Juan |
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San Miguel |
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Sandoval |
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Santa Fe |
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Sierra |
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Socorro |
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Taos |
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Torrance |
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Union |
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Valencia |
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TOTAL |
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Crosscheck with Schedule B |
0 |
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Difference |
0 |
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Explanation for Difference (if any) |
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[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:
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NEW MEXICO TITLE INSURANCE AGENT’S STATISTICAL REPORT SCHEDULE H - IDENTIFICATION OF OWNERS For the Calendar Year Ending December 31, 20___. |
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1 |
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3 |
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Name of Each Individual or Entity |
Percentage of Agency Owned |
Description Code (see below) |
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TOTAL |
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Description |
Code |
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Attorney |
A |
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Real Estate Agent |
REA |
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Real Estate Developer |
RED |
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Lending institution |
L |
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Underwriter |
UW |
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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,
Agent’s Statistical Report, effective 7-1-2005.
13.14.16 NMAC, Agent's
Experience Report (filed 6-01-05); replaced by 13.14.16 NMAC,
Agent’s Statistical Report, effective 7-1-2006.