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 Announcements REQUEST FOR DECLARATION OF A CATASTROPHE Comes now, the Civil Investigations Bureau for the New Mexico Superintendent ofInsurance (“CIB”), requesting that the Superintendent oflnsurance (Superintendent”) declare that a catastrophe resulted from the Salt and South Fork Fires, and in support respectfully states as follows: 1. Originating on the Mescalero Apache Reservation, the South Fork and Salt fires started on Monday, June […] 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
September 4, 2024 Announcements LINK TO NEW INSURANCE FRAUD FEE PORTAL WILL BE POSTED SEPTEMBER 12, 2024 The New Mexico Office of Superintendent of Insurance (OSI) will begin collecting the Insurance Fraud Fee through OPTins, a program offered by the National Association of Insurance Commissioners. A link to New Mexico’s OPTins page will be posted on OSI’s website on September 12, 2024. Due to the delay in the publication of the link, […] Read More
July 31, 2024 News Releases NEW MEXICO SUPERINTENDENT OF INSURANCE ANNOUNCES KICKOFF MEETING FOR HEALTH CARE CONSOLIDATION- AUGUST 8, 2024 Santa Fe, NM – Today, the New Mexico Office of Superintendent of Insurance (OSI) announced it will hold a Public Meeting for public and stakeholder engagement related to oversight of health care consolidation. The meeting will be held at 5:00 PM on Thursday, August 8, 2024 at the NMSU Las Cruces Campus Room 225 in […] Read More
July 31, 2024 News Releases NEW MEXICO SUPERINTENDENT OF INSURANCE ANNOUNCES KICKOFF MEETING FOR HEALTH CARE CONSOLIDATION- AUGUST 7, 2024 Santa Fe, NM – Today, the New Mexico Office of Superintendent of Insurance (OSI) announced it will hold a Public Meeting for public and stakeholder engagement related to oversight of health care consolidation. The meeting will be held at 5:00 PM on Wednesday August 7, 2024 at the NMSU Alamogordo Campus Tays Center 2400 N. […] 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
July 24, 2024 Announcements NOTICE OF DELAYED AVAILABILITY & ANNOUNCEMENT OF AUTOMATION OF NEW MEXICO INSURANCE FRAUD FEE We apologize for any inconvenience this may cause, the publication of the Insurance Fraud Fee is delayed, however, the Office of Superintendent of Insurance (OSI) Insurance Fraud Law Enforcement Division is in the process of automating its fraud fee payment system in conjunction with the NAIC. Pursuant to the Insurance Fraud Act, NMSA 1978, Section […] Read More
