New Mexico Superintendent of Insurance Bulletin 2023-014

The New Mexico Superintendent of Insurance recently released Bulletin 2023-014, requiring insurance companies to report claims data related to natural disaster events. The key highlights are as follows:

• Claims data must be reported in excel format and sent to Anna.Krylova@osi.nm.gov within 7 days of the date of issuance of this Bulletin (June 8th deadline)
• The data should include the number of claims and incurred loss estimate, by county, for the claims related to the natural disaster events occurring in New Mexico during the 7-day period of 5/24/2023 through 5/30/2023, as well as the company’s NAIC Company Code.
• Full text of bulletin can be found here.

If a company does not have any applicable claims to report, no data submission is required.

For any questions related to the above referenced bulletin in New Mexico, please contact Westmont Associates!