The New Mexico Public Regulation Commission
RCis a regulatory authority in
New Mexico
)
, population_demonym = New Mexican ( es, Neomexicano, Neomejicano, Nuevo Mexicano)
, seat = Santa Fe
, LargestCity = Albuquerque
, LargestMetro = Tiguex
, OfficialLang = None
, Languages = English, Spanish ( New Mexican), Navajo, Ker ...
charged with the responsibility of seeing that
utility
As a topic of economics, utility is used to model worth or value. Its usage has evolved significantly over time. The term was introduced initially as a measure of pleasure or happiness as part of the theory of utilitarianism by moral philosoph ...
customers have "fair and reasonable rates, and to assure reasonable and adequate services to the public as provided by law." The PRC regulates the insurance industry in New Mexico through its Division of Insurance, appointing an Insurance Superintendent who is a PRC employee having independent statutory powers. The PRC also has responsibility for motor carrier regulation, the State Fire Marshal's Office, the Firefighter Training Academy, Pipeline Safety and the registration of all corporations and
limited liability
Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or partnership. If a company that provides limited liability to it ...
companies doing business in New Mexico.
On July 1, 2013, the Insurance Division separated from the Public Regulation Commission and became an independent agency.
The five PRC Commissioners are elected by district.
As of January 2021, the members of the commission are:
List of Public Regulation Commissioners
Notes
See also
*
List of company registers
This is a list of official business registers around the world.
There are many types of official business registers, usually maintained for various purposes by a state authority, such as a government agency, or a court of law. In some cases, ...
References
External links
Official website
Public Regulation Commission
Public utilities commissions of the United States
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