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§ 59A-35-9 NMSA 1978

Registration fee

Known as the Sale of Insurance Securities Law

The act spans §§ 59–59 (18 sections).

Laws 1984, ch. 127, § 598.

A. With filing of the registration statement the superintendent shall collect, and the registrant shall pay to the superintendent the applicable registration statement filing fee in amount as follows:

(1) for registration by coordination or similar thereto, one hundred dollars ($100);

(2) for registration by notification or similar thereto, one hundred dollars ($100);

(3) for registration by qualification or similar thereto, fee computed upon gross proposed offering price of all securities covered by the registration as follows:

(a) one-tenth (1/10) of one percent of first million dollars ($1,000,000); and

(b) one-twentieth (1/20) of one percent of amounts in excess of the first one million dollars ($1,000,000).

B. All such fees shall be deemed earned when paid and shall not be subject to refund.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.