Examinations Bureau

The Examinations Bureau of the Office of Superintendent of Insurance conducts all statutorily required financial condition examinations of domestic companies and financial analysis of all quarterly and annual statements. In addition the Bureau conducts targeted, limited scope and market conduct examinations and performs market analysis reviews.

Examinations Annual Statement Filing Instructions

NOTE: The following documents are no longer posted to the check lists. Please go to our Company Licensing Bureau at the following Link: https://www.osi.state.nm.us/CompanyLicensing/renewalinfo.aspx

  • Certificate of Compliance
  • Certificate of Deposit
  • Contact Processing Form
  • Form 12

    Invoices for Fees and Assessments

    NOTE: The Office of Superintendent of Insurance (OSI) has switch all Annual Statement Filing Fee payments to be processed electronically through an ACH Credit.

    ALL companies will be required to make the Annual Statement Filing Fee payment by ACH Credit. OSI will no longer accept checks and the information to set up the ACH Credit is below. When paying the Annual Statement Fee, a separate ACH Credit must be submitted and should NOT be combined with PREMIUM TAXES or ANY OTHER FEES.

    No later than January 7, 2019 the Annual Statement Fee Invoices will be available for companies to download off the OSI Website (www.osi.state.nm.us) under Departments/Examinations. Chrome or Firefox is preferred for downloading the Annual Statement Fee Invoices. The website will have updates as needed.



    Glossary of Terms

    • Domestic Insurance Company: A domestic insurance company is incorporated according to the laws of the state and is domiciled within the state.

    • Domicile State: A domicile state is the state in which an insurance company has its principal legal residence.

    • Financial Condition Examination: Financial condition examinations are conducted on a periodic basis for all domestic insurance companies. The periodic basis is every three years for all health maintenance organizations and every five years for all other domestic insurance companies. A schedule for financial condition examinations can be located here.

    • Limited Scope Examination: Limited scope examinations are narrowly focused with specific purpose and are conducted upon the call of the Superintendent of Insurance.

    • Market Conduct Examinations: Market conduct examinations are risk based and concentrate upon business practices within a specific marketplace. They can be performed because of an increase in complaints or information from other resources and are conducted upon the call of the Superintendent of Insurance.

    • Solvency: Solvency is a minimum standard of financial health for an insurance company, where assets exceed liabilities.

    • Targeted Examination: Targeted examinations are conducted because of special circumstances where there has been an indication either through financial analysis or from another source that the department may want to conduct an examination outside of the statutory due date. These examinations are conducted upon the call of the Superintendent of Insurance.

    Renewal Information

    In accordance with the NRRA and Dodd-Frank effective Surplus Line Insurers that appear on our Eligibility Listing as a Surplus Line Insurer are only required to file a Certificate of Compliance every March 1st. A letter will be sent the first part of January as a courtesy Continue Reading »

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