N.M. Admin. Code § 13.2.2.18
Current through Register Vol. 35, No. 21, November 5, 2024
Section 13.2.2.18 - FORM GA.When required: Subject to Section 59A-37-22 NMSA 1978 a registered insurer shall file Form G to report to the superintendent all dividends and other distributions to shareholders within 15 business days following the declaration of such dividends or distributions.B.Information to be furnished in Form G:(1)Caption: Place the following caption at the top of the cover page: FORM G
NOTICE OF DECLARATION OF DIVIDENDS OR OTHER DISTRIBUTIONS TO SHAREHOLDERS
(2)Applicant: Provide the name and address of the insurer filing the report.(3)Calculations: Provide a copy of the calculations determining the proposed dividends. The work paper shall include the following information: (a) the amounts, dates and form of payment of all dividends or distributions (including regular dividends, but excluding distributions of the insurer's own securities) paid within the period of 12 consecutive months ending on the date fixed for payment of the proposed dividend for which approval is sought and commencing on the day after the same day of the same month in the last preceding year;(b) surplus as regards policyholders (total capital and surplus) as of the 31st day of December next preceding;(c) if the insurer is a life insurer, the net gain from operations for the 12-month period ending the 31st day of December next preceding;(d) if the insurer is not a life insurer, the net income less realized capital gains for the 12-month period ending the 31st day of December next preceding and the two preceding 12-month periods; and(e) if the insurer is not a life insurer, the dividends paid to stockholders, excluding distributions of the insurer's own securities in the preceding two calendar years.N.M. Admin. Code § 13.2.2.18
7-1-97 Recompiled 11/30/01, Adopted by New Mexico Register, Volume XXIX, Issue 14, July 24, 2018, eff. 7/24/2018, Amended by New Mexico Register, Volume XXXI, Issue 18, September 29, 2020, eff. 10/1/2020