DATA CALL PURSUANT TO NMSA 1978, SECTION 59A-17-5.1, UNDERWRITING GUIDELINES

STATE OF NEW MEXICO OFFICE OF SUPERINTENDENT OF INSURANCE SUPERINTENDENT OF INSURANCE Alice T. Kane 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 2024-016 September 12, 2024 TO: ALL INSURANCE COMPANIES THAT HAVE ISSUED RESIDENTIAL PROPERTY INSURANCE POLICIES COVERING RISKS LOCATED IN THE STATE OF NEW MEXICO RE: DATA CALL PURSUANT TO NMSA 1978, SECTION 59A-17-5.1, UNDERWRITING GUIDELINES 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 or within a group of insurers under common ownership or management.” The Superintendent is requesting that all insurers that have issued residential property insurance policies covering risks located in New Mexico submit underwriting guidelines in compliance with Section 59A-17-5.1 described above that are effective as of September 1, 2024. All insurers must comply with this request on or before September 30, 2024. Please send the underwriting guidelines that were in effect on September 1, 2024. Subsection C of Section 59A-17-5.1 provides that any filings made pursuant to Section 59A-17-5.1 “shall be considered confidential trade secrets under the Uniform Trade Secrets Act,” NMSA 1978, Sections 57-3A- to 57-3A-7. B U L L E T I N 2 0 2 4 - 0 1 6 P a g e | 2 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 For questions or for additional information regarding this bulletin please contact: Christian Myers, Chief Actuary at: christian.myers.osi.nm.gov ISSUED this 12th day of September, 2024. __________________________________ ALICE T. KANE Superintendent of Insurance