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NEW MEXICO SURPLUS LINES BROKER 'S COUNTERSIGNATURE ENDORSEMENT THIS ENDORSEMENT MUST BE ATTACHED TO THE POLICY AS PART OF THE INSURANCE CONTRACT This policy provides surplus lines insurance by an.

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How to fill out the New Mexico Countersignature online

This guide provides clear, step-by-step instructions for filling out the New Mexico Countersignature online, ensuring a smooth and efficient process. Understanding each component of this form will help users complete their tasks with confidence.

Follow the steps to successfully fill out the New Mexico Countersignature online.

  1. Click ‘Get Form’ button to obtain the form and open it in your preferred editing tool.
  2. In the first field, enter the policy number. This is a unique identifier for the insurance policy and is essential for the tracking and processing of your document.
  3. Next, fill in the name of the insured. Ensure that the name provided reflects the official name of the person or entity covered by the insurance policy.
  4. In the certificate number field, input the certificate number associated with the insurance policy. This helps in verifying the details and is necessary for record-keeping purposes.
  5. Enter the date the policy was signed in the designated field. This date is crucial for establishing the timeline of the policy's effectiveness.
  6. In the underwriting company section, provide the name of the company underwriting the policy. This information links the coverage to the specific insurer responsible for the policy.
  7. Finally, the surplus lines broker's signature must be entered in the appropriate space. This signature adds the necessary authority from the broker for the document.
  8. After all fields are completed, you can review the information for accuracy. Make any necessary adjustments before finalizing your document.
  9. Once you are satisfied with the entries, you can save your changes, download the completed form, print it, or share it as required.

Complete your New Mexico Countersignature online to ensure your insurance documentation is accurate and efficient.

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Surplus lines insurance is a special type of insurance that covers unique risks. It fills a gap in the standard market by covering things that most companies can't or won't insure.

Surplus lines tax: 3.003%, payable by broker.

SURPLUS LINES TAXES Most states charge an insurance premium tax to insurance companies licensed and “admitted” to do business within their borders. Generally speaking, those carriers then pass the cost of those taxes onto their policyholders by adding a comparable amount to their premiums.

California recognizes an exempt commercial purchaser (called “commercial insured” in California) under California Insurance Code Sections 1760.1(b) and 1763(h). Surplus lines tax/Stamping Fee: 3.0% payable by broker to the CDI; stamping fee of 0.18% (effective Jan.

Appendix A StateStatutory Citation to Insurance CodeTax Rate AppliedCalifornia§1775.5 §1775.1(a)3% (+ stamping fee of 0.18%, effective Jan. 1, 2023) (monthly or annual based on prior year tax liability).Colorado§10-5-1113%Connecticut§38(a)-7434% (quarterly)Delaware§19253%101 more rows

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