Fraud Assessments

OSI enforces laws passed by the state legislature and follows federal rules, licenses insurers, reviews and approves rate filings, and takes enforcement actions when laws are violated. OSI strives to ensure that these companies have a proven history of fair and reasonable rates and are represented by trustworthy and qualified agents.

OSI enforces laws passed by the state legislature and follows federal rules, licenses insurers, reviews and approves rate filings, and takes enforcement actions when laws are violated. OSI strives to ensure that these companies have a proven history of fair and reasonable rates and are represented by trustworthy and qualified agents.

Pursuant to NMSA 59A-16C-14 the Insurance Fraud Fund was created to fund the expenses incurred in carrying out the provision of the Insurance Fraud Act.   

When and Where to Pay

As of October 2, 2026, the Fraud Assessments are now available through OPTins. Please review the information below:

• Please use the 2025 Direct Written Premiums
• Please make sure you use the drop down for selecting the lines of business, do not manually enter lines of business. By using the drop down and inputting the correct DWP, the Fraud Assessment will be calculated properly.
• If a company had zero premiums in 2025, then the assessment fee will be $0 and you don’t need to report this through OPTins.
• The Fraud Assessments are due on or before December 31, 2026. Any payment received after December 31, 2026, there will be a penalty assessed per 59A-16C-14(B).

If you have any questions, please email fraudassessment@osi.nm.gov