The New Mexico Office of Superintendent of Insurance (OSI) published a bulletin announcing a data call for insurers writing homeowners insurance in the state, as required by NMSA 1978, SECTION 59A-17-5.1.
All insurers that have issued residential property insurance policies covering property in New Mexico must submit their underwriting guidelines that were in effect on September 1, 2024, by September 30, 2024.
NMSA 1978, SECTION 59A-17-5.1 gives the superintendent of insurance the power to direct insurers to file their underwriting guidelines with OSI. The office then reviews the filings and may order an insurer to stop using underwriting or tiering guidelines that are unfairly discriminatory. Filings made to OSI are kept confidential.
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