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Thank you for visiting Office of Superintendent of Insurance website!

 

The mission of Office of Superintendent of Insurance is to provide convenient access to consumers to reliable insurance products which are underwritten by dependable and financially sound companies. We strive to ensure that these companies have a proven history of fair and reasonable rates and are represented by trustworthy and qualified agents.

 

We are committed to consumer protection and fraud prosecution and deterrence.

 


IMPORTANT NOTICES:

 

  • Please click here to view Insurance Dockets

Ask the Superintendent!
A web feature offered to help consumers with their insurance needs.

Regards,
John G. Franchini         
Superintendent of Insurance
Term of Office: December 31, 2015
Appointed: July 27, 2010(biography)

Click Here for Nominating Committee Website

NEWS & PRESS RELEASES:

September 8
Pharmacy Benefit Manager Registration


August 29
ABQ Board Meeting Agenda - NM Workers Comp (Board of Governors)


August 28
Teleconference - NM Workers Comp (Board of Governors)


August 5
Superintendent of Insurance selected for Federal Advisory Committee


July 24
Health Benefits Laws Compliance Seminar- U.S. Department of Labor and OSI


June 23
Former Insurance Agent: Plea Deal with OSI


May 24
CHANGES FOR ALL NON-COMPLIANT ACA HEALTH POLICIES


May 15
Surplus Line Premium Tax Filings


May 7
NAIC PROMOTES CONSUMER PROTECTION AND STRONG MARKETS DURING CONGRESSIONAL VISITS


May 2
Consumer Alert- Exercise Caution before Ride Sharing


April 22
Scope of Work for a Premium Tax Attorney (Contract Work)


April 17
New Mexico Superintendent John Franchini attends ACA Meeting at the White House


March 9
The Grand Jury in Rio Arriba


February 27
NAIC Consumer alert: What to do following a car accident?

 

February 20
Notice: Bail Bondsman, Bail Bond Solicitors and Bail Bond Agencies

 

February 6
New Mexico Health Insurance Exchange

 

January 29
NOTICE: All New Mexico Bail Bondsman and Bonding Companies.

 

January 24
The Office of Superintendent of Insurance notifies an unauthorized company to Cease & Desist doing business in New Mexico.

 

January 21
The Office of Superintendent of Insurance Announces 30-day Binders for ACA Individual Health Plans

 

December 16
Dont Buy Lovelace Health Plan policies with merger pending

 

December 3
OSI’s Insurance Fraud Bureau Wins Indictments Against Two Insurance Agents

 

November 4
Drug Authorization Request Form - Notice of Special Joint Open Meeting

 

October 4
New Premium Comparison Guides for Auto and Homeowners

 

October 1
Fraud Report - OSI Insurance Fraud Bureau

 

September 18
Proclamation - Life Insurance Awareness Month

 

September 18
Superintendent of Insurance - A keynote speaker at National Alliance of Life Companies (NALC) Fall Conference.

 

September 12
Health Insurance Coverage - Open enrollment begins October 1, 2013

 

September 11
NAIC Consumer Alert - Scammers Take Advantage of Health Reform Confusions

 

September 6
OSI Approves Rate Increases for Some Blue Cross Customers

 

August 5
Bail Bondsman Customer Rights & Responsibilities

 

June 26
John Franchini has been reappointed as the Superintendent of Insurance

 

June 25
Wild Fire / Flood Risk Awareness 2013



June 13
Third-party adjusters unnecessary in smoke-damage insurance claims


June 10

Office of Superintendent of Insurance: Fire Victims Should Avoid Independent Claims Adjusters


June 3
Office of Superintendent of Insurance finds ticket insurance company fraudulent


May 30

Order to Cease and Desist - TicketsBite, LLC

 

May 20

Traffic ticket insurance: scam or safeguard

 


May 12

Office of Superintendent of Insurance soon will NO longer be accepting checks payable to the "Public Regulation Commission". Please make checks payable to "Office of Superintendent of Insurance."


The Annual Statement Filing fee, Fraud Assessment and Property & Casualty Annual Rate Filing Fee Will remain online this year. Any fees/ assessments not paid within a timely matter, may be assessed a penalty.

  • Annual Statements due March 1, 2014 - Annual Statements will be available on or before January 15, 2014.
  • Property & Casualty Rate Annual Rate Form Filing Fees are due July 1, 2014.
  • Fraud Assessments due date yet to be announced.

*Please update any address and contact information using the Address Change/Update Form as we are updating our database.


March 26
Insurance Bulletin 2013-004 RE: Medical Loss Ratio Reporting


October 25
Attention: Insurance Companies
Click here for Annual Statement Invoices.

 

October 17
Annual Continuation of Certificate of Authority/Registration Fees, Annual Statement Filing Fees





Biography of John G. Franchini

 

The New Mexico Public Regulation Commission (PRC) appointed John G. Franchini as Insurance Superintendent July 27, 2010.

During the 2013 legislative session, legislation effectuating a Constitutional Amendment passed in the 2012 general election (HB 45) removed the insurance division from the PRC and created a stand-alone agency, The Office of Superintendent of Insurance (OSI). This was effective July 1, 2013.

This legislation also created a nominating committee for the position of the Superintendent of Insurance. The nomination committee unanimously re-confirmed John G. Franchini to continue in his capacity as Superintendent for the state New Mexico.

Franchini has more than 35 years’ experience in the insurance industry. He “temporarily” joined Consolidated Agency, his father’s independent insurance agency, while attending graduate school at the University of New Mexico. Ten years later, he purchased the business and expanded it to four locations, employing 82 people and servicing nearly 15,000 customers. During that time, he served on the New Mexico Workers’ Compensation Assigned Risk Pool Board of Governors, the Patient Compensation Administration Board of Directors, and was elected president of the Independent Insurance Agents of New Mexico. In 1998, Poe & Brown, a national insurance broker, purchased the business. Franchini was named vice president, and his responsibilities included new business production, development of specialized insurance programs, and agency acquisitions.

Franchini joined New Mexico Mutual in 2002 and was eventually named vice president of government and industry affairs. At New Mexico Mutual, he worked with state legislators, members of regulatory agencies and insurance agents to strengthen the company’s financial and public standing.

He is also a member of the Leadership New Mexico Class of 2007, former board member of the Rocky Mountain Insurance Information Association and past president of the New Mexico Insurance Association.

Franchini is a native New Mexican and a graduate of Creighton University in Omaha, NE.