NM| Bulletin 205-013, from the New Mexico Office of Superintendent of Insurance (OSI), mandates that all automobile insurers covering risks in New Mexico must now use per-vehicle disclosure and exclusion forms for uninsured/underinsured motorist (UM/UIM) coverage. This requirement stems from the New Mexico Supreme Court decision in Kileen v. Didio (June 30, 2025), which clarified that UM/UIM coverage must be offered on a per-vehicle basis, applying to all automobile policies, including commercial and fleet vehicles. Insurers may use OSI’s suggested disclosure and exclusion language or propose their own for approval, and new forms must be provided to policyholders within 30 days of OSI approval or the conclusion of a 60-day statutory review period.
Key Points:
- All automobile insurers in New Mexico must immediately adopt per-vehicle UM/UIM disclosure and exclusion forms in line with Kileen v. Didio.
- The bulletin and new rule apply to all auto policies, including individual, commercial, and fleet; insurers have 30 days to distribute approved language to policyholders.
- OSI provides suggested form language but allows insurers to propose their own, which must be filed for review; contact details for regulatory questions are included in the bulletin.