NMPIP RESIDENTIAL PROPERTY LIMITS

STATE OF NEW MEXICO OFFICE OF SUPERINTENDENT OF INSURANCE SUPERINTENDENT OF INSURANCE DEPUTY SUPERINTENDENT Alice T. Kane Timothy Vigil SANTA FE LOCATION (MAIN OFFICE) (OVERNIGHT/SECOND DAY MAIL ONLY) 1120 Paseo De Peralta, 4th Floor Santa Fe, New Mexico 87501 (USPS MAIL ONLY) P O Box 1689 Santa Fe, New Mexico 87504 Main Phone: (505) 827-4601 | Toll Free: (855) 4 - ASK - OSI www.osi.state.nm.us BULLETIN 2025-004 July 7, 2025 TO: ALL MEMBER INSURERS OF THE NEW MEXICO PROPERTY INSURANCE PROGRAM (NMPIP) AND ALL PRODUCERS LICENSED BY THE OFFICE OF SUPERINTENDENT OF INSURANCE RE: NMPIP RESIDENTIAL PROPERTY LIMITS The Superintendent of Insurance (Superintendent) provisionally approved residential property limits as follows on March 8, 2025, that expired on June 20, 2025: The maximum limit of liability per fire division which may be insured under the Plan shall be: Protected Unprotected Protection Class 1-7 Protection Class 8-10 One, two, three and four family dwellings $750,000 $500,000 If an Executive Emergency Order declaring a Catastrophe is issued by the Governor, the maximum limit of liability by zip code which may be insured under the Plan shall be: Protected Unprotected Protection Class 1-7 Protection Class 8-10 One, two, three and four family dwellings $750,000 $500,000 B U L L E T I N 2 0 2 5 - 0 0 4 P a g e | 2 SANTA FE LOCATION (MAIN OFFICE) (OVERNIGHT/SECOND DAY MAIL ONLY) 1120 Paseo De Peralta, 4th Floor Santa Fe, New Mexico 87501 (USPS MAIL ONLY) P O Box 1689 Santa Fe, New Mexico 87504 Main Phone: (505) 827-4601 | Toll Free: (855) 4 - ASK - OSI www.osi.state.nm.us After conferring with the Governing Committee, the Superintendent approves the above described limits as of this date which shall remain in effect for the NMPIP unless otherwise amended by the Governing Committee, and approved by the Superintendent pursuant to NMSA 1978, Section 59A-29-5. ISSUED this 7th day of July 2025. __________________________________ ALICE T. KANE Superintendent of Insurance