October 28, 2025 Bulletins REQUIRED DISCLOSURE TO AUTOMOBILE INSURANCE POLICYHOLDERS THAT UNINSURED MOTORIST / UNDERINSURED MOTORIST (“UM/UIM”) COVERAGE MUST BE OFFERED ON A PER-VEHICLE COST BASIS BULLETIN 2025-013: This Bulletin adds to the existing UM/UIM Disclosure and Exclusion requirements that continue to be required by Bulletin 2021-024. This Bulletin is issued following the court opinion in Kileen v. Didio, New Mexico Supreme Court Docket No. S-1-SC 39256, filed June 30, 2025 (Kileen). The Kileen opinion created the following law: After careful consideration, we […] Read More
October 24, 2025 Announcements NOTICE OF EXTENSION OF COMMENT PERIOD AND CHANGE IN HEARING DATE Case number for this matter is 2025-0118. To review the complete record in this matter, including all filed documents, please visit the OSI eDocket. NOTICE IS HEREBY GIVEN that the Office of Superintendent of Insurance (OSI or Superintendent) scheduled a public comment period and a public hearing in person, via video conference, and via telephone […] Read More
October 21, 2025 Bulletins IT IS A PROHIBITED UNFAIR CLAIMS PRACTICE FOR PROPERTY OR HOMEOWNER’S INSURERS AND PRODUCERS TO TREAT AN APPLICANT’S OR INSURED’S INQUIRY RELATING TO DAMAGE OR LOSS AS A CLAIM WHEN THE FACTS OF THE INQUIRY ARE NOT COVERED BY THE POLICY WHERE CERTAIN ELEMENTS ARE MET BULLETIN 2025-010: THIS BULLETIN is effective immediately and is issued pursuant to Sections 59A-2-8, 59A-2-10, and 59A-4-3 NMSA 1978 and 13.1.2.9 NMAC. The Office of Superintendent of Insurance expects all property and casualty insurance companies to act in good faith and to use fair claims practices that comply with state law. The purpose of this Bulletin is […] Read More
October 15, 2025 News Releases COVERAGES FOR COMMERCIAL PROPERTIES IN NEW MEXICO FAIR PLAN INCREASE FROM $1 MILLION TO $2 MILLION Contact: Melissa Robertson, Property and Bureau ChiefEmail: Melissa.Robertson@osi.nm.gov Santa Fe, NM – The New Mexico Office of the Superintendent of Insurance (OSI) announced today that coverages for commercial properties under the New Mexico Fair Access to Insurance Requirements (FAIR) Plan have increased from $1 million to $2 million. This move will continue the positive trajectory […] Read More
October 15, 2025 Announcements 2026 Appointment Renewal Notice NOTICE-2025-10-15: The New Mexico Office of the Superintendent of Insurance (OSI) will process all company appointmentselectronically through the National Insurance Producer Registry (NIPR). The appointment renewal invoice will include all resident/nonresident appointment renewals. All agents will appear on the renewal list unless the agent was terminated by 11:59 p.m. CST on December 26, 2025. For complete […] Read More
October 15, 2025 Bulletins PHARMACY BENEFITS MANAGER APPLICATION FOR A LICENSE ANDLICENSE RENEWAL IN NEW MEXICO BULLETIN 2025-011: This bulletin repeals Bulletin No. 2023-001 dated January 3, 2023 and Bulletin No. 2023-035 issued on November 21, 2023. This Bulletin applies to any Pharmacy Benefits Manager (PBM) operating in the State of New Mexico that is required to be licensed in New Mexico pursuant to the Pharmacy Benefits Manager Act, Sections 59A-61-1 et seq. […] Read More
September 22, 2025 News Releases NEW MEXICO OFFICE OF THE SUPERINTENDENT OF INSURANCE APPROVES 2026 HEALTH INSURANCE PREMIUM RATES FOR SMALL GROUP HEALTH INSURANCE MARKET Santa Fe, NM – The New Mexico Office of the Superintendent of Insurance (OSI) has approved 2026 health insurance premium rates for the small group health insurance market. The average increase across all plans is 16.8%. The new rates take effect on January 1, 2026, when health insurance small group consumers in New Mexico will […] Read More
September 17, 2025 Bulletins COVERAGE FOR IMMUNIZATIONS IN 2025 AND 2026 PLAN YEARS BULLETIN 2025-009: This bulletin is issued in accordance with Sections 59A-2-8, 59A-2-10, 59A-18-13.2. 59A-18-13.3, and 59A-18-16.2(G)(2) NMSA 1978. The purpose of this bulletin is to clarify: Any changes to coverage for immunizations based on ACIP immunization guidance should be prospective to the 2027 plan year. Questions concerning these directives should be directed to the Life and Health […] Read More
August 26, 2025 Bulletins COVERAGE FOR CHILDHOOD IMMUNIZATIONS BULLETIN 2025-008: The Office of Superintendent of Insurance (OSI) is issuing this bulletin to remind insurers that pursuant to Sections 59A-22-34.3 and 59A-46-38.2 NMSA 1978 each individual and group health maintenance contract delivered or issued for delivery in this state shall provide coverage for childhood immunizations in accordance with the current schedule of immunizations recommended by the […] Read More
August 26, 2025 News Releases NEW MEXICO SUPERINTENDENT OF INSURANCE URGES CONSUMERS TO UNDERSTAND THEIR ROLE IN THE PRIOR AUTHORIZATION PROCESS Santa Fe, NM – The New Mexico Office of Superintendent of Insurance urges all health insurance consumers to actively monitor the status of any prior authorization requests submitted on their behalf. Prior authorization is your health insurance company’s review of a request for medication, procedure, or specialist visits before you get care. Sometimes prior authorization […] Read More
