On Mar. 17, NM LEG passed bill about title insurance premium rates.
NM LEG passed bill HB 79 on hearing to consider promulgation of insurance premium rates, other title insurance matters, to be held every 3 years, no later than Nov. 1.
Legislative History
On Jan. 18, 2023, bill was introduced in House; on Feb. 15, 2023, bill passed House.
On Feb. 16, 2023, bill was introduced in Senate; on Mar. 17, 2023, bill passed Senate.
Effectiveness
Bill is effective on Jun. 16, 2023, 90 days after adjournment (NM INS 59A-30-8).
Apr. 2023 NM LEG Governor Approval
On Apr. 5, 2023, NM LEG reported governor signed bill HB 79, became Chapter 140.
Jun. 2023 NM INS Bulletin
On Jun. 7, 2023, NM INS issued Bulletin 2023-015to remind interested parties that NM Title Insurance Law extended the interval for title insurance hearings to 3 years.
Unless NM INS determines otherwise, first such hearings to be held Nov. 1, 2024/later.
Regulators
NM LEG
Entity Types
Corp; Ins
Reference
PR, Bul 2023-015, 6/7/2023; Ch. 140, Bill HB79, 4/5/2023; Bill HB79, 3/17/2023; Citation: NM INS 59A-30-8;
