PAYMENT OF RESIDENTIAL PROPERTY LOSS CLAIMS FOLLOWING THE SALT AND SOUTH FORK WILDFIRES

STATE OF NEW MEXICO OFFICE OF SUPERINTENDENT OF INSURANCE SUPERINTENDENT OF INSURANCE DEPUTY SUPERINTENDENT Alice T. Kane Colin Baillio Main Office: 1120 Paseo de Peralta, Fourth Floor, Santa Fe, NM 87501 Satellite Office: 6200 Uptown Blvd NE, Suite 400, Albuquerque, NM 87110 Main Phone: (505) 827-4601 | Toll Free: (855) 4 - ASK - OSI www.osi.state.nm.us BULLETIN 2024-007 JUNE 18, 2024 TO: ALL INSURANCE COMPANIES THAT HAVE ISSUED RESIDENTIAL PROPERTY INSURANCE POLICIES COVERING RISKS LOCATED IN THE STATE OF NEW MEXICO RE: PAYMENT OF RESIDENTIAL PROPERTY LOSS CLAIMS FOLLOWING THE SALT AND SOUTH FORK WILDFIRES 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 stability of insurance markets during the emergency.” NMSA 1978, Section 59A-2-8(A)(11). The Superintendent issued an Emergency Order on June 18, 2024 related to the subject matter of this bulletin. A link to the Emergency Order may be found at the following link to the Office of Superintendent of Insurance website: https://a.storyblok.com/f/132761/x/02ff23b826/amended-emergency-order-06182024.pdf The Salt Fire and South Fork Fire, and others, have burned and continue to burn nearly 20,000 acres and are 0% contained in the State of New Mexico. The Governor has issued an Executive Order, No. 2024-033 declaring emergencies caused by the Salt Fire and South Fork Fire. Executive Order No. 2024-033 declared that over 500 structures have been impacted by the fires thus far; the fires have led to the evacuation of the Village of Ruidoso and may require other nearby communities to evacuate; the Mescalero Apache Tribe has issued an executive order declaring a