October 2, 2024 Bulletins PAYMENT OF RESIDENTIAL PROPERTY LOSS CLAIMS FOLLOWING THE SALT AND SOUTH FORK WILDFIRES UPDATED BULLETIN-2024-007: This bulletin is issued in accordance with Sections 59A-2-8, 59A-2-10 and 59A-4-3 NMSA 1978, and with 13.1.2.9 NMAC. Upon an order by the Governor based upon the invocation of a state of emergency under the All-Hazard Emergency Management Act, the Superintendent of Insurance, may “take those actions necessary to ensure access to insurance and the […] Read More
October 1, 2024 Bulletins RECISSION OF BULLETINS 2022-001 AND 2022-003 AND REPLACEMENT BULLETIN FOR THE CONFIDENTIALITY REQUEST DETERMINATION PROCESS BULLETIN 2024-018: Bulletins 2022-001 and 2022-003 are rescinded and replaced with this Bulletin. This Bulletin shall expire two years after the date it is issued by the Office of Superintendent of Insurance (the OSI), unless earlier rescinded or revoked. When requesting that information be determined to be confidential by the OSI, it shall be assumed that the […] Read More
October 1, 2024 Bulletins THIS BULLETIN SUPERCEDES ALL PRIOR ADJUSTER LICENSING GUIDANCE BULLETIN 2024-019: New Mexico will continue to collaborate with the NAIC and interested parties in the evolving adjuster community. Changes to the New Mexico Administrative Code (NMAC) 13.4.8 take effect April 1, 2025, and OSI understands the time allocated for meeting compliance is unlikely, therefore this requirement will begin to be enforced upon renewal licenses with an […] Read More
September 23, 2024 Bulletins MEDICAL MALPRACTICE PREMIUM REDUCTION BULLETIN 2024-017: The New Mexico State Legislature appropriated $15.4 million to the New Mexico Office of Superintendent of Insurance (OSI) to address medical malpractice insurance costs for individual providers and independent group practices. The appropriation was part of a supplemental appropriation package passed in 2023 that provided each legislator and Governor Michelle Lujan Grisham with targeted appropriations […] Read More
September 13, 2024 Bulletins DATA CALL PURSUANT TO NMSA 1978, SECTION 59A-17-5.1, UNDERWRITING GUIDELINES CORRECTED BULLETIN-2024-016: NMSA 1978, Section 59A-17-5.1(A) allows the Superintendent of Insurance (Superintendent) to “direct an insurer writing homeowners insurance…in New Mexico to file with the Superintendent underwriting guidelines that determine the acceptance of applicants and tiering guidelines that determine the placement of applicants and insured into rating tiers, regardless of whether such tiers exist within the insurer […] Read More
September 12, 2024 Bulletins DATA CALL PURSUANT TO NMSA 1978, SECTION 59A-17-5.1, UNDERWRITING GUIDELINES BULLETIN 2024-016: NMSA 1978, Section 59A-17-5.1(A) allows the Superintendent of Insurance (Superintendent) to “direct an insurer writing homeowners insurance…in New Mexico to file with the Superintendent underwriting guidelines that determine the acceptance of applicants and tiering guidelines that determine the placement of applicants and insured into rating tiers, regardless of whether such tiers exist within the insurer […] Read More
September 6, 2024 Bulletins DECLARATION OF A CATASTROPHE CORRECTED BULLETIN-2024-015: This bulletin is issued in accordance with Sections 59A-2-8, 59A-2-10 and 59A-4-3 NMSA 1978, and with 13.1.2.9 NMAC. The purpose of this bulletin is to inform all insurance companies that have issued property and casualty insurance policies covering risks located in the areas impacted by the Salt and South Fork Fires, that on September 6, […] Read More
September 6, 2024 Bulletins DECLARATION OF A CATASTROPHE BULLETIN 2024-015: This bulletin is issued in accordance with Sections 59A-2-8, 59A-2-10 and 59A-4-3 NMSA 1978, and with 13.1.2.9 NMAC. The purpose of this bulletin is to inform all insurance companies that have issued property and casualty insurance policies covering risks located in the areas impacted by the Salt and South Fork Fires, that on September 6, […] Read More
July 30, 2024 Bulletins SENATE BILL 273, IMPLEMENTATION – SUBMISSION OF HEALTH INSURANCE POLICIES FOR COMPLIANCE REVIEW BULLETIN 2024-013: Senate Bill 273, Parity for Coverage of Mental Health and Substance Use Disorder (MH/SUD) Services (SB273) was enacted in the 2023 New Mexico legislative session and became effective on January 1, 2024. SB273 amended certain sections of, and added other sections to, the New Mexico Insurance Code included in Chapter 59A, Articles 22B (Prior Authorization), […] Read More
July 30, 2024 Bulletins HOUSE BILL 53, IMPLEMENTATION – SUBMISSION OF HEALTH INSURANCE POLICIES FOR COMPLIANCE REVIEW BULLETIN 2024-014: House Bill 53, Delivery of Necessary Diabetic Resources, (HB53) was enacted in the 2023 New Mexico legislative session and became effective on January 1, 2024. HB53 amended certain sections of, and added other sections to, the New Mexico Insurance Code included in Chapter 59A, Articles 22 (Insurance Contracts), 23 (Group and Blanket Health Insurance Contracts), […] Read More
