October 2, 2024 Bulletins PAYMENT OF AUTOMOBILE LOSS CLAIMS FOLLOWING THE SALT AND SOUTH FORK WILDFIRES UPDATED BULLETIN-2024-009: 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 […] Read More
October 2, 2024 Bulletins DATA CALL PURSUANT TO THE SURPRISE BILLING PROTECTION ACT (ACT), NMSA 1978, CHAPTER 59A, ARTICLE 57A OF THE INSURANCE CODE BULLETIN 2024-020: Pursuant to NMSA 1978, Section 59A-57A-l1 of the Act, the Superintendent of Insurance (Superintendent) “may require health insurance carriers” to “report the annual percentage of claims and expenditures paid to nonparticipating providers for health care services,” to monitor the effectiveness of the requirements in the Act, and the impact on provider networks and health care […] Read More
October 2, 2024 Bulletins HEALTH INSURANCE POLICIES AND THE SALT AND SOUTH FORK WILDFIRES UPDATED BULLETIN-2024-008: 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 […] Read More
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BULLETIN FOR THE CONFIDENTIALITY REQUEST DETERMINATION PROCESS BULLETIN 2024-018: Bulletins 2022-001 and 2022-003 are rescinded and replaced with this Bulletin.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expire two years after the date it is issued by the Office of Superintendent of Insurance (the OSI), unless earlier rescinded or revoked.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 News Releases New Mexico Superintendent of Insurance Announces Public Meetings Related to the Health Care Consolidation Act New Mexico Superintendent of Insurance Announces Public Meetings Related to the Health CareConsolidation Act Meeting in Las Vegas set for 4pm-6pm September 18, Meeting in Taos set for 10am-12noon onSeptember 19 Santa Fe, NM – Across the United States mergers and acquisitions of health care entities have caused significant challenges in health care pricing, access […] Read More
September 12, 2024 Announcements NEW MEXICO HAS IMPLEMENTED A NEW ELECTRONIC PROCESS FOR THE SUBMISSION OF THE INSURANCE FRAUD ACT ASSESSMENT FILING NEW MEXICO HAS IMPLEMENTED A NEW ELECTRONIC PROCESS FOR THE SUBMISSION OF THE INSURANCE FRAUD ACT ASSESSMENT FILING Read More
