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New Mexico inland marine insurance as its own complaint line

New Mexico's complaint-record rule lists inland marine as its own line type, separate from automobile, fire, and homeowners. A cancellation rule gives marine and transportation insurance, and wet marine insurance, the meanings in Section 59A-7-5 NMSA 1978. A 2025 legislative fiscal impact report says all travel insurance is classified as inland marine under § 59A-7-4. The current compiled text of those sections was not opened, so this guide does not restate shipment or equipment subclasses. 1,2,3

What Is Tools, Equipment And Inland Marine?

If your business moves equipment between sites or ships goods, inland marine can cover those property exposures; installation and other forms address different property categories. Match the quote to what you own, rent or hold for others. Read the national Tools, equipment and inland marine guide.

What to Watch for in New Mexico

  • Inland Marine Is Its Own Complaint Category

    Rule 13.7.3 NMAC requires insurers subject to the Unfair Insurance Practices Act to keep complaint records classified by line. Inland marine is listed separately from automobile and fire. If you complain about a tool floater, use that line so the record is not filed as an auto or property complaint. 1

  • Cancellation Rules Borrow the Marine Definition

    Rule 13.8.4 NMAC sets cancellation, nonrenewal, and coverage-change notice for property and casualty policies. Its definitions give marine and transportation insurance and wet marine the meanings in § 59A-7-5. The compiled statute was not opened. Ask the insurer which notice period applies to your inland marine contract, and do not assume a personal auto cancellation rule governs a floater. 2

  • A 2025 Report Treats All Travel Insurance as Inland Marine

    The fiscal impact report for 2025 Senate Bill 168 says the bill's travel-insurance filing language was removed as duplicative because statute already classifies all travel insurance as inland marine under § 59A-7-4. That is a legislative staff report, not the compiled code. A 2016 bill that listed builders risk next to inland marine was not treated as current law. Confirm the contract you were offered is a goods or equipment floater rather than a travel policy. 3

Who Regulates Insurance in New Mexico

New Mexico Office of Superintendent of Insurance

New Mexico OSI licenses insurance producers and agencies, oversees insurers and reviews insurance forms and rates. Its Consumer Assistance Bureau accepts insurance complaints, including complaints involving commercial and business insurance. 4,5,6,7

Surplus-lines tax and stamping office

Reported tax rate: 3.003% of taxable surplus-lines premium (verify allocation and current return instructions) New Mexico’s surplus-lines tax is listed as 3.003% of taxable premium in the state’s surplus-lines tax-return instructions; confirm current allocation and filing treatment with the New Mexico Taxation and Revenue Department because its current program page distinguishes broker-placed surplus lines from independently procured insurance. Surplus-lines coverage is issued by an unauthorized insurer and is outside ordinary state guaranty-association protection; do not treat the separate self-procured tax as the surplus-lines broker tax. 8,9,10,11

Providers With Documented State Licenses

These providers publish a national listing for Tools, equipment and inland marine; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in New Mexico. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 16TechInsurance arranges inland marine coverage for contractors’ tools and equipment.

Questions to Ask Before You Buy in New Mexico

  1. Is this contract inland marine for movable business property, or travel insurance classified as inland marine?
  2. Which cancellation and nonrenewal notice does the insurer say applies to this floater?
  3. Are tools, customer goods, and highway vehicles scheduled on separate forms?

Tools, Equipment And Inland Marine in New Mexico: FAQ

Should a New Mexico complaint about a tool floater be coded as automobile insurance? 1

No. Rule 13.7.3 NMAC lists inland marine as its own complaint line, separate from automobile, fire, and homeowners. 1

Does a 2025 legislative report say New Mexico classifies travel insurance as inland marine? 3

Yes. The fiscal impact report for Senate Bill 168 says all travel insurance is classified as inland marine under § 59A-7-4, which is why duplicate filing language was removed. The compiled section was not opened with that report. 3

Tools, Equipment And Inland Marine in Other States

Other Coverage in New Mexico

Sources

  1. 13.7.3 NMAC Complaint records. New Mexico Commission of Public Records; Inland marine listed as its own line type. Accessed 2026-09-29.
  2. 13.8.4 NMAC Cancellation and nonrenewal. New Mexico Commission of Public Records; Marine and wet marine take the meanings in § 59A-7-5 NMSA 1978. Accessed 2026-09-29.
  3. Fiscal Impact Report, CS/Senate Bill 168 (2025). New Mexico Legislative Finance Committee; Page discussing § 59A-7-4 and travel insurance as inland marine. Accessed 2026-09-29.
  4. Office of the Superintendent of Insurance. New Mexico Office of Superintendent of Insurance; Official OSI homepage says it licenses individuals and agencies, oversees business insurance and reviews rates/forms. Accessed 2026-09-28.
  5. License Status Verification. New Mexico Office of Superintendent of Insurance; Official page says OSI/NAIC public verification checks producer, adjuster, surplus-lines broker and TPA license status. Accessed 2026-09-28.
  6. File a Complaint. New Mexico Office of Superintendent of Insurance; Official complaint page says OSI accepts complaints against insurers and agents; current agency page discusses complaint filing. OSI site redirects from www host, which the web verifier could not fetch. Accessed 2026-09-28.
  7. Consumer Assistance. New Mexico Office of Superintendent of Insurance; Official OSI page expressly includes commercial and business insurance complaints; consumer assistance. Accessed 2026-09-28.
  8. Surplus Lines Premium Tax Return (TRD-41397). New Mexico Taxation and Revenue Department; State tax return and instructions establish 3.003% rate; accessible as an official PDF download, but its revision date is not explicit in the current web-indexed copy. Accessed 2026-09-28.
  9. Insurance Premium Tax and Self-Insured Group Tax Programs. New Mexico Taxation and Revenue Department; Current program page distinguishes surplus-lines broker premium tax from self-procured nonadmitted-insurance tax under §7-40-3(A). It does not display the surplus-lines rate. Accessed 2026-09-28.
  10. NMSA 1978, Chapter 59A, Article 14, Surplus Lines Insurance. New Mexico Legislature / New Mexico Compilation Commission; Surplus-lines act; insurer notice, licensing and placement provisions. Direct statute host should be checked if it changes route. Accessed 2026-09-28.
  11. NMSA 1978, §59A-14-5. New Mexico Legislature / New Mexico Compilation Commission; Surplus-lines policy notice describes lack of state guaranty association protection. Accessed 2026-09-28.
  12. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  13. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  14. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  15. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  16. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  17. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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