--- title: "Kidnap and Ransom Insurance in New Mexico" description: "See how New Mexico's surplus-lines tax and insurer insolvency rules can affect a K&R quote." canonical: "https://spot.insure/coverage/kidnap-ransom/new-mexico" page-type: "coverage-state-guide" updated-at: "2026-09-28" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/coverage/kidnap-ransom/new-mexico) # Kidnap and Ransom Insurance in New Mexico The NAIC chart cites N.M. Stat. § 7-40-3 for single-state surplus-lines tax treatment in New Mexico. Ask your broker to show that charge separately from insurer premium and match insured people, territory, and covered events to your travel plan.[^1] **Coverage:** [Kidnap and ransom](/coverage/kidnap-ransom) · [New Mexico](/coverage/states/new-mexico) ## What Is Kidnap And Ransom? Kidnap and ransom insurance provides financial protection for specified kidnapping and extortion events and gives the business access to a crisis-response firm. Check who is insured, which events are named, and how territory and sanctions terms apply to your actual travel. [Read the national Kidnap and ransom guide](/coverage/kidnap-ransom). ## What to Watch for in New Mexico ### State Charges on a Nonadmitted Placement For a single-state surplus-lines placement in New Mexico, the NAIC chart cites N.M. Stat. § 7-40-3 as the tax authority. Ask the broker to show the state charge, taxable premium base, and allocation separately on the K&R binder.[^1] ### Guaranty-Fund Eligibility The state fund handles only claims that meet its statutory definition. Before signing a nonadmitted policy, ask the broker to identify the insurer and explain in writing whether this policy has guaranty protection. The chart cites N.M. Stat. § 7-40-3 for surplus-lines tax, but paying that charge does not establish guaranty eligibility; ask for the insurer's insolvency disclosure too.[^2][^1] ### Sanctions and Cyber Extortion If cyber extortion is part of the proposal, have the broker identify who screens a requested payment and who can authorize it. OFAC flags sanctions exposure for companies that facilitate ransomware payments. For multi-state risks, the chart cites N.M. Stat. § 7-40-3 for the state tax rule; ask how K&R and any cyber extension are allocated before comparing quotes.[^3][^1] ## 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] - [Regulator website](https://osi.state.nm.us/en/) - [License lookup](https://www.osi.state.nm.us/en/license-status-verification/) - [File a complaint](https://osi.state.nm.us/en/complaints/) - Phone: 855-427-5674 ### 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 No provider in Spot’s research documents both a state license record and this coverage line. This does not establish that providers are unlicensed. [Check the regulator’s license lookup](https://www.osi.state.nm.us/en/license-status-verification/) and confirm availability with a provider when requesting a quote. ## Questions to Ask Before You Buy in New Mexico 1. Will you identify whether this New Mexico K&R policy is admitted or surplus lines and show the state tax and fees separately? 2. If the insurer becomes insolvent, would this exact policy qualify for protection under New Mexico's guaranty statute? 3. Which employees, family members, travel destinations, and extortion events are insured under this quote? 4. If cyber extortion is included, who checks sanctions and approves a payment before anyone acts? ## Kidnap And Ransom in New Mexico: FAQ ### What state tax applies to surplus-lines K&R insurance in New Mexico? 3.003% of premium. The NAIC chart's New Mexico row cites N.M. Stat. § 7-40-3; ask the broker to show the amount separately on the quote.[^1] ### What happens if a surplus-lines K&R insurer fails in New Mexico? The NAIC says state guaranty associations handle only eligible covered claims, subject to statutory limits. Ask the broker which association, if any, could respond to this insurer and policy; the separate tax rule cites N.M. Stat. § 7-40-3, but paying tax does not establish fund protection.[^2][^1] ## Kidnap And Ransom in Other States - [Alabama](/coverage/kidnap-ransom/alabama) - [Alaska](/coverage/kidnap-ransom/alaska) - [Arizona](/coverage/kidnap-ransom/arizona) - [Arkansas](/coverage/kidnap-ransom/arkansas) - [California](/coverage/kidnap-ransom/california) - [Colorado](/coverage/kidnap-ransom/colorado) - [Connecticut](/coverage/kidnap-ransom/connecticut) - [Delaware](/coverage/kidnap-ransom/delaware) - [District of Columbia](/coverage/kidnap-ransom/district-of-columbia) - [Florida](/coverage/kidnap-ransom/florida) - [Georgia](/coverage/kidnap-ransom/georgia) - [Hawaii](/coverage/kidnap-ransom/hawaii) - [Idaho](/coverage/kidnap-ransom/idaho) - [Illinois](/coverage/kidnap-ransom/illinois) - [Indiana](/coverage/kidnap-ransom/indiana) - [Iowa](/coverage/kidnap-ransom/iowa) - [Kansas](/coverage/kidnap-ransom/kansas) - [Kentucky](/coverage/kidnap-ransom/kentucky) - [Louisiana](/coverage/kidnap-ransom/louisiana) - [Maine](/coverage/kidnap-ransom/maine) - [Maryland](/coverage/kidnap-ransom/maryland) - [Massachusetts](/coverage/kidnap-ransom/massachusetts) - [Michigan](/coverage/kidnap-ransom/michigan) - [Minnesota](/coverage/kidnap-ransom/minnesota) - [Mississippi](/coverage/kidnap-ransom/mississippi) - [Missouri](/coverage/kidnap-ransom/missouri) - [Montana](/coverage/kidnap-ransom/montana) - [Nebraska](/coverage/kidnap-ransom/nebraska) - [Nevada](/coverage/kidnap-ransom/nevada) - [New Hampshire](/coverage/kidnap-ransom/new-hampshire) - [New Jersey](/coverage/kidnap-ransom/new-jersey) - [New York](/coverage/kidnap-ransom/new-york) - [North Carolina](/coverage/kidnap-ransom/north-carolina) - [North Dakota](/coverage/kidnap-ransom/north-dakota) - [Ohio](/coverage/kidnap-ransom/ohio) - [Oklahoma](/coverage/kidnap-ransom/oklahoma) - [Oregon](/coverage/kidnap-ransom/oregon) - [Pennsylvania](/coverage/kidnap-ransom/pennsylvania) - [Rhode Island](/coverage/kidnap-ransom/rhode-island) - [South Carolina](/coverage/kidnap-ransom/south-carolina) - [South Dakota](/coverage/kidnap-ransom/south-dakota) - [Tennessee](/coverage/kidnap-ransom/tennessee) - [Texas](/coverage/kidnap-ransom/texas) - [Utah](/coverage/kidnap-ransom/utah) - [Vermont](/coverage/kidnap-ransom/vermont) - [Virginia](/coverage/kidnap-ransom/virginia) - [Washington](/coverage/kidnap-ransom/washington) - [West Virginia](/coverage/kidnap-ransom/west-virginia) - [Wisconsin](/coverage/kidnap-ransom/wisconsin) - [Wyoming](/coverage/kidnap-ransom/wyoming) [Other Coverage in New Mexico](/coverage/states/new-mexico) ## Sources [^1]: [State Insurance Charts: Surplus Lines Insurance Premium Taxes](https://content.naic.org/sites/default/files/model-law-chart-zz-7-surplus-lines-insurance-premium-taxes.pdf) — National Association of Insurance Commissioners; State row for single-state risk; cited statutes and rate/allocation (chart reviewed October 2025). Accessed 2026-09-28. [^2]: [Guaranty Associations & Funds](https://content.naic.org/cipr-topics/guaranty-associationsfunds) — National Association of Insurance Commissioners, Center for Insurance Policy and Research; Overview: state guaranty mechanisms and covered-claim limits (updated May 9, 2024). Accessed 2026-09-28. [^3]: [Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments](https://ofac.treasury.gov/media/912981/download?inline=) — U.S. Department of the Treasury, Office of Foreign Assets Control; Sanctions risks associated with making/facilitating ransomware payments; compliance and reporting steps (updated September 21, 2021). Accessed 2026-09-28. [^4]: [Office of the Superintendent of Insurance](https://osi.state.nm.us/en/) — 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](https://osi.state.nm.us/en/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](https://osi.state.nm.us/en/complaints/) — 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](https://osi.state.nm.us/en/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)](https://realfile.tax.newmexico.gov/trd-41397.pdf) — 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](https://www.tax.newmexico.gov/businesses/insurance-premium-tax-program/) — 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](https://nmonesource.com/nmos/nmsa/en/item/4416/index.do) — 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](https://nmonesource.com/nmos/nmsa/en/item/4416/index.do) — New Mexico Legislature / New Mexico Compilation Commission; Surplus-lines policy notice describes lack of state guaranty association protection.. Accessed 2026-09-28. [^12]: [Licenses](https://www.at-bay.com/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](https://www.coalitioninc.com/legal/licenses) — 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](https://www.hiscox.com/about-hiscox-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](https://www.nextinsurance.com/insurance-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](https://www.techinsurance.com/legal/licenses) — 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](https://www.vouch.us/legal/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 2026-09-28. This guide is informational and does not determine whether a policy is available or meets your needs. [Editorial policy](/editorial-policy). To suggest a correction, [contact Spot](/contact) with a supporting source. ## Agent and Developer Resources - [Markdown page](https://spot.insure/coverage/kidnap-ransom/new-mexico.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)