DECLARATION OF A CATASTROPHE

STATE OF NEW MEXICO OFFICE OF SUPERINTENDENT OF INSURANCE SUPERINTENDENT OF INSURANCE Alice T. Kane .n. @)51 ornceOF NEW Ml:XICO sum,mNOENT Of,t-.slJ!rCE BULLETIN 2024-015 September 6, 2024 DEPUTY SUPERINTENDENT Vacant TO: ALL INSURANCE COMPANIES THAT HA VE ISSUED PROPERTY AND HOMEOWERS INSURANCE POLICIES COVERING RISKS LOCATED IN THE AREAS IMPACTED BY THE SALT AND SOUTH FORK FIRES RE: DECLARATION OF A CATASTROPHE 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, 2024, the Superintendent of Insurance has declared a catastrophic loss pursuant to 13.7.4.7 NMAC due to these wildfires. Pursuant to 13.7.4.11 NMAC, insurers shall settle each catastrophic claim, a property insurance claim or a vehicle physical damage insurance claim directly resulting from the catastrophe, within 90-days from the date of the declaration. A copy of the declaration can be found m Docket No. 2024-0070 at https :/ / edocket. osi.state.nm. us/home. Questions regarding this bulletin should be directed to Melissa Robertson, by emailing Melissa.Robertson@state.mn.us or by calling (505) 670-2704. 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 I Toll Free: (855) 4 - ASK - OSI www.osi.state.run.us