N.M. Admin. Code § 13.14.9.38

Current through Register Vol. 35, No. 23, December 10, 2024
Section 13.14.9.38 - COMPUTATION OF RATES UPON CONVERSION OF LEASEHOLD OWNER'S POLICY TO STANDARD OWNER'S POLICY

When a leasehold owner's policy is converted to a standard owner's policy and more insurance is desired or required under the standard owner's policy than was written in the leasehold owner's policy, the difference must be computed at the basic premium rates in the applicable bracket or brackets in the same manner as excess liability is computed.

N.M. Admin. Code § 13.14.9.38

3-1-89; 13.14.9.38 NMAC - Rn, 13 NMAC 14.9.12.4, 5-15-00, Adopted by New Mexico Register, Volume XXXI, Issue 24, December 29, 2020, eff. 1/1/2021