February 20, 2024 Bulletins REQUIREMENT TO PROVIDE REPLACEMENT VALUE ON RESIDENTIAL PROPERTY BULLETIN 2024-003 THIS BULLETIN reminds insurers that all repairs or replacement of residential property must be covered at the cost to repair or replace, without deduction for depreciation. This bulletin is issued in accordance with Section 59-2-8 NMSA 1978, and with 13.1.2, 13.7.4, and 13.13.2 NMAC.Repair or replacement for a residential property is subject to all requirements and benefits that pertain to residential property insurance, including all residential coverage protections of the Insurance Code.REQUIREMENT TO PROVIDE REPLACEMENT VALUE ON RESIDENTIAL PROPERTY
June 26, 2026 Bulletins MEDICAL MALPRACTICE PREMIUM REDUCTION AMENDED BULLETIN 2026-010: The New Mexico State Legislature appropriated $5 million to the New Mexico Office of Superintendent of Insurance (OSI) to address medical malpractice insurance costs for individual providers. The appropriation was part of a supplemental appropriation package passed in 2025. This one-time appropriation directs OSI to provide a premium subsidy for private medical malpractice insurance policies. […] Read More
June 12, 2026 Announcements NOTICE OF PRESCRIPTION DRUG PRICE TRANSPARENCY ANNUAL MEETING The Office of the Superintendent of Insurance will hold its annual public meeting to present and discuss the findings and recommendations contained in the 2025 Prescription Drug Price Transparency legislative report. The purpose of this meeting is to inform the public of the report’s contents and to provide an opportunity for public comments and questions. […] Read More
