December 27, 2022 Bulletins WILDFIRE DISASTER CLAIMS DATA CALL BULLETIN 2022-023: Beginning April 22, 2022, the Honorable Michelle Lujan-Grisham, Governor, declared a series of wildfire emergencies in New Mexico. Subsequent to the declaration, the Superintendent of Insurance issued Bulletin 2022-012, requiring companies to submit monthly reports of claims information associated with the wildfire events taking place in 2022. WILDFIRE DISASTER CLAIMS DATA CALL Read More
December 14, 2022 Bulletins 2023 HEALTH INSURANCE MARKETPLACE AFFORDABILITY PROGRAM; DATA REPORTING PROCESS; PAYMENT PROCESS AND TIMELINE FOR THE 2023 Bulletin 2022-022: THIS BULLETIN is issued pursuant to NMSA 1978, Section 59A-23F-11, which established the Health Care Affordability Fund (HCAF) to “reduce health care premiums and cost sharing for New Mexico residents who purchase health care coverage on the New Mexico health insurance exchange” and 13.10.36 NMAC. This Bulletin sets forth requirements for individual market health insurance […] Read More
December 9, 2022 Bulletins DATA CALL FOR FULLY-INSURED STUDENT HEALTH INSURANCE PLANS BULLETIN 2022-021: Pursuant to NMSA 1978 §59A-4-3, the Superintendent orders any entity that sells fully-insured student health insurance plans to students attending school in New Mexico to report the following: 1. Company name; 2. NAIC company number; 3. Market type; 4. Product type; 5. SERFF form approval number(s) of any plans sold to New Mexico students; 6. […] Read More
November 1, 2022 Bulletins AUTOMATIC RATE ESCALATIONS BULLETIN 2022-020: In New Mexico, property and casualty insurance rates, like all other rates, “shall not be excessive, inadequate or unfairly discriminatory, nor shall an insurer charge any rate that, if continued, will have or tend to have the effect of destroying competition or creating a monopoly.” Section 59A-17-6, NMSA 1978, Rate standards, Subsection A. AUTOMATIC RATE […] Read More
October 4, 2022 Bulletins APPLICATION OF OPEN ENROLLMENT AND SPECIAL ENROLLMENT PERIODS TO INDIVIDUAL OFF-EXCHANGE PLANS BULLETIN 2022-019: The New Mexico Office of Superintendent of Insurance (OSI) is issuing this bulletin to clarify the application of annual open enrollment periods (OEPs) and special enrollment periods (SEPs) to the sale of individual, fully-insured, major medical plans that meet qualified health plan standards and are sold outside the New Mexico Health Insurance Exchange (off-exchange plans). […] Read More
October 3, 2022 Bulletins SMALL BUSINESS HEALTH INSURANCE PREMIUM RELIEF INITIATIVE PREMIUM REDUCTION BULLETIN 2022-18: THIS BULLETIN is issued pursuant to NMSA 1978, Section 59A-23F-11, which established the Health Care Affordability Fund to “reduce premiums for small businesses and their employees.” This Bulletin sets forth program parameters, requirements for issuers, and the Office of Superintendent of Insurance’s (OSI’s) responsibilities for forthcoming emergency rules that establish the Small Business Health Insurance […] Read More
September 23, 2022 Bulletins PROHIBITION ON COST-SHARING FOR TESTING AND HEALTH CARE SERVICES RELATED TO MONKEYPOX BULLETIN 2022-017: On August 4, 2022, the U.S. Department of Health and Human Services declared the monkeypox virus a public health emergency. PROHIBITION ON COST-SHARING FOR TESTING AND HEALTH CARE SERVICES RELATED TO MONKEYPOX Read More
September 12, 2022 Bulletins COST-SHARING PROTECTIONS FOR CONTRACEPTIVES AND PrEP, AND PrEP ENDORSEMENT REQUIRED BULLETIN 2022-016: The New Mexico Office of Superintendent of Insurance (OSI) has recently received reports of individuals being charged cost-sharing – coinsurance, deductible and copayments – for contraceptives and contraceptive services. Bulletin 2022-016 Read More
August 29, 2022 Bulletins TERM AND UNIVERSAL LIFE INSURANCE RESERVE FINANCING BULLETIN 2022-015: The purpose of this Bulletin is to clarify the reporting of certain reserve financing transactions specific to term and universal life insurance reserve financing and the applicability of Actuarial Guideline 48 as set forth in the Accounting Practices and Procedures Manual and Valuation Manual of the National Association of Insurance Commissioners (NAIC)… TERM AND UNIVERSAL […] Read More
August 2, 2022 Bulletins RATING ERROR REPORTING AND REFUNDS BULLETIN 2022-014: The purpose of this Bulletin is to outline the procedure for insurance companies to follow when a rating error has been identified. This bulletin is issued in accordance with Sections 59A-2-8 and 59A-2-10 NMSA 1978, and with 13.1.2.9 NMAC Bulletin 2022-014 Read More
